Billionaire Stanley Druckenmiller Sold Nvidia and Broadcom and Is Buying This Spectacular Artificial Intelligence (AI) Stock Instead
This AI giant trades at a compelling value given its massive growth opportunity.
Stanley Druckenmiller has a knack for identifying global investing trends. When he finds something interesting, the billionaire investor isn't afraid to bet big on it.
Such was the case in late 2022, when he started buying a huge stake in Nvidia as OpenAI launched ChatGPT. By the next summer he had accumulated over 950,000 shares of the leading AI stock, and it accounted for 14% of the portfolio held his Duquesne Family Office.
But by last fall, Druckenmiller had completely sold his Nvidia shares and bought competing chipmaker Broadcom instead. He quickly sold those shares as well, and ended 2024 without either of the two largest AI chipmakers in his portfolio.
