Liao Kaiyuan further purchased 1 million shares of Nvidia in hopes of "contributing a little strength to appease the tense market".

Billionaire Liao Kaiyuan has doubled his holdings of Nvidia stock to 2 million shares. Amid a global sell-off of various assets from bonds to stocks triggered by the Middle East war, he has increased his bet on the chip manufacturer. "Just as I promised before, I bought another 1 million shares of NVDA today," Liao Kaiyuan posted on social platform X on Saturday. A few days ago, he had just announced his initial purchase. The Bloomberg Billionaires Index shows that Liao Kaiyuan is worth about $13.4 billion. Although this increase in holdings is not significant relative to the size of his wealth, it is still an interesting move for Liao Kaiyuan, whose assets have been mainly tied to a single stock - Tesla - for a long time.