> That’s why Thiel rotated into Microsoft and Apple, tech giants with more diversified revenue streams, cloud scale, devices, and software.

These are supposed to be a hedge against a presumed AI bubble? Seems half hearted at best

He is diversifying away from a pure AI play. The amount of diversification is relatively low, so he probably still believes in AI, just feels it is slightly overhyped.

Personally I agree it’s too small of a move, but different people have different beliefs and different tolerance for risk.