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Peter Thiel’s investment vehicle, Thiel Macro, has allocated 42% of its portfolio to two artificial intelligence-related stocks, Amazon and Vistra, both acquired during the second quarter.
The fund outperformed the S&P 500 over the last six quarters, a track record that includes two quarters in which it held no stocks.
This concentration in specific AI beneficiaries offers a distinct perspective on where capital is flowing within the sector. Amazon serves as Thiel Macro’s largest position.
Although classified in the consumer discretionary sector due to its retail operations, the company is frequently grouped with major technology firms because of its cloud computing arm.
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