I noticed something interesting this week. Leo KoGuan, the billionaire well known for his big moves at Tesla, just put $183 million on the table to buy 1 million Nvidia shares. Not an insignificant move.

While many people are still panicking over a supposed AI bubble, Leo KoGuan seems to be sending a different signal. He believes Nvidia will rebound, even though the stock is currently trading around $183 — it's true we're 14% below the all-time high, but this guy isn't panicking.

What supports his thesis is that demand for Nvidia chips isn't slowing down. Companies like IREN and Mara Holdings continue to increase their orders. IREN alone plans to purchase 50,000 Blackwell chips for a value that could reach $1.5 billion. That's serious volume.

In terms of valuation, Nvidia is trading at about 22 times expected earnings. That's interesting because, compared to giants like Microsoft or Tesla, it suggests the stock isn't overvalued. Leo KoGuan probably calculated that too before deploying his strategy.

Basically, what Leo KoGuan is doing here is putting his money where his mouth is. While others debate the AI bubble, he's accumulating. To be continued.