Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

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107125734 1664374231928 107125734 c IMG 7443

Billionaire investor Stanley Druckenmiller revealed that he has reduced his stake in Nvidia due to concerns about the artificial intelligence boom being overhyped in the short term. Druckenmiller cited the significant increase in Nvidia’s stock price as a reason for cutting his position. He also mentioned that he was introduced to Nvidia by a young partner who believed in AI’s potential. Despite reducing his Nvidia position, Druckenmiller remains bullish on AI in the long term, comparing its potential to the internet’s impact. Additionally, Druckenmiller has invested in Microsoft and Alphabet in the AI space over the past year. Druckenmiller is a renowned investor who previously managed George Soros’ Quantum Fund and made a substantial bet against the British pound in 1992.

Billionaire investor Stanley Druckenmiller revealed that he has reduced his bet in chipmaker Nvidia due to concerns about the rapid growth of the artificial intelligence industry. Druckenmiller, who runs Duquesne Family Office, cut his position after the stock surged from $150 to $900. He was introduced to Nvidia by his younger partner in 2022 and increased his position after recognizing the potential of AI technology. Despite his recent reduction in Nvidia, Druckenmiller remains optimistic about the long-term potential of AI and believes that the big payoff could come four to five years from now. In addition to Nvidia, Druckenmiller also owns Microsoft and Alphabet as AI plays. Druckenmiller’s track record includes managing George Soros’ Quantum Fund and making a successful bet against the British pound in 1992.

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