Billionaire Stanley Druckenmiller Sold Nvidia and Bought These 2 E-Commerce Stocks Instead
Billionaire Stan Druckenmiller -- of Soros Fund and Duquesne fame -- was one of the first investors to catch on to Nvidia (NASDAQ: NVDA) as an artificial intelligence (AI) investment. He bought Nvidia stock in the fourth quarter of 2022, when it was around $15 a share. Since then, it has gone up hundreds of percentage points, completed a 10-for-1 stock split in 2024, and now trades at around $115. However, Druckenmiller has now fully sold out of his position. In the Duquesne Family Office, the investor didn't own a single Nvidia share at the end of 2024.What is he buying instead? Two e-commerce giants that could be great long-term investments: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Here's why the legendary investor might be buying these two stocks right now, and whether you should consider adding them to your own portfolio.Continue reading
Billionaire Stan Druckenmiller -- of Soros Fund and Duquesne fame -- was one of the first investors to catch on to Nvidia (NASDAQ: NVDA) as an artificial intelligence (AI) investment. He bought Nvidia stock in the fourth quarter of 2022, when it was around $15 a share. Since then, it has gone up hundreds of percentage points, completed a 10-for-1 stock split in 2024, and now trades at around $115.
However, Druckenmiller has now fully sold out of his position. In the Duquesne Family Office, the investor didn't own a single Nvidia share at the end of 2024.
What is he buying instead? Two e-commerce giants that could be great long-term investments: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Here's why the legendary investor might be buying these two stocks right now, and whether you should consider adding them to your own portfolio.
