After Selling Nvidia, Billionaire Stanley Druckenmiller Unloaded Another One of Wall Street's Hottest Artificial Intelligence (AI) Stocks. Is It Time For You to Do the Same?
Stanley Druckenmiller manages capital for his Duquesne Family Office, which famously sold Nvidia stock prior to its record run.
Stanley Druckenmiller is a billionaire investor who manages capital at his fund, the Duquesne Family Office. Over the past few years, he has made some eyebrow-raising moves related to investing in artificial intelligence (AI) stocks. Perhaps the biggest head-scratcher was his selling Nvidia stock when everyone else seemed to be buying. In fairness, though, Druckenmiller has since expressed some regret about exiting his Nvidia position.
While Nvidia has been one of the largest beneficiaries of a bullish AI narrative, it's far from the only growth stock out there. Ironically, however, Druckenmiller just dumped his fund's entire stake in yet another scorching hot AI stock.
Will Druckenmiller come to regret this decision, too? I don't think so. Read on to find out which AI darling the Duquesne Family Office just exited, and learn why I think this was a savvy decision.
