"Seeking to calm nervous markets," Tesla billionaire increases holdings in Nvidia.

As global asset sell-offs are triggered by the situation in the Middle East, Chinese billionaire Leo KoGuan has doubled his NVIDIA holdings, demonstrating his confidence in the market through action.

Leo KoGuan posted on X platform on Saturday morning, saying, "As promised, I bought another 1 million shares of NVIDIA today." In recent days, he had already announced the completion of his initial purchase. With this, his total NVIDIA holdings have reached 2 million shares, and based on recent closing prices, the cumulative purchase amount is estimated to be about $350 million.

This acquisition of NVIDIA marks a milestone in Leo KoGuan's personal investment portfolio. According to the Bloomberg Billionaires Index, his net worth is around $13.4 billion, and for years has been almost entirely concentrated in Tesla stock. Although this $350 million position in NVIDIA is relatively small compared to his total wealth, it signals a shift in his asset allocation strategy.

The timing of this increase is quite noteworthy. Since the US-Iran conflict, global stock markets have come under sustained pressure, and both bonds and stocks have been sold off. NVIDIA has fallen about 6% so far this year, Tesla nearly 10%, while the S&P 500 index has dropped less than 2%. Leo KoGuan said, "I hope to contribute a little to calming the tense market. Good luck to all."

Risk Warning and DisclaimerThe market carries risks; invest with caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial condition, or needs of individual users. Users should assess whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Invest accordingly at your own risk.