Paul Singer at Elliott Management manages tens of billions...

Editor's note: ...in assets, with a personal fortune estimated in the range of $6-7 billion. He is known for buying distressed sovereign and corporate debt at discounts and pursuing aggressive legal action to recover full repayment, including high-profile cases involving Peru, Congo-Brazzaville, and Argentina that produced large returns. Singer is a major Republican contributor with strong support for pro-Israel groups, as well as past advocacy for same-sex marriage and immigration reform. Elliott's recent court-approved $5.9 billion purchase of Venezuela's Citgo Petroleum assets, which critics have called undervalued was one of his recent corporate hits. Nvidia has a deep, strategic, and expanding relationship with Israel's tech sector, making the country its largest R&D hub outside the US and a core part of its AI infrastructure capabilities. Back in 2019, Singer, through his Start-Up Nation Central organization, was actively promoting the transfer of US tech jobs, investments, and R&D operations from companies such as Google, Microsoft, and Intel to Israel.
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Vulture Capitalist Paul Singer Is Behind Takedown Attempt of Nvidia

Singer's Elliott Management called Nvidia a bubble, then disclosed bets against 1.45 million shares. The underlying stock value totaled nearly $195 million at the end of 2024.

By Ethan Fowler | November 11, 2026

Paul Singer's Elliott Management put a financial bet behind its attack on Nvidia's valuation. After calling the chipmaker a bubble and artificial intelligence overhyped, the hedge fund disclosed put options covering 1.45 million Nvidia shares, Business Insider reported on Feb. 18, 2025.

Elliott's SEC filing lists nearly $195 million in underlying Nvidia stock value as of Dec. 31, 2024. That is not the amount Elliott paid for the options. Puts can gain value when a stock falls.

Nvidia and other technology stocks occupied "bubble land," Elliott wrote in a client letter, according to Business Insider. The firm questioned whether demand for Nvidia’s chips would last and warned that some AI applications would remain too expensive or unreliable.

Singer's reputation extends beyond technology bets. His Elliott affiliate pursued full repayment on discounted Argentine debt while most creditors accepted reduced payments. Argentina's president branded those holdout investors "vultures," Reuters reported.

Elliott continued sounding alarms in October 2026. "At present, virtually every alarm bell warning of a substantial bear market ahead is ringing," the firm wrote in a letter reviewed by The Wall Street Journal.

The Nvidia disclosure records a year-end 2024 position, not proof Elliott still holds that bet today. Elliott declined to comment for Business Insider’s report.