(March 9): Billionaire Leo KoGuan doubled his stake in Nvidia Corp to two million shares, boosting his investment in the chipmaker at a time when the war in the Middle East has sparked a global sell-off of everything from bonds to equities. “As promised, I bought additional one million shares of NVDA today,” the investor posted early on Saturday on X, days after he announced his first purchase. While small relative to his US$13.4 billion (RM53.1 billion) fortune, as measured by the Bloomberg Billionaires Index, the acquisition is a notable move by KoGuan whose net worth for years largely has been tied up in just one stock: Tesla Inc. Nvidia has fallen about 5% this year through last Friday’s close, while Tesla is down nearly 12%, compared with a less-than-2% drop in the S&P 500. KoGuan, who is estimated to have spent roughly US$350 million to acquire his Nvidia shares based on their recent closing prices, didn’t comment about his purchase beyond saying that, “Hopefully, I can contribute a little to calm the nervous market.

Source: The Edge Markets March 09, 2026 07:18 UTC