Billionaire investor Stanley Druckenmiller revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial…
revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run.
The notable investor, who now runs Duquesne Family Office, said he was introduced to Nvidia by his young partner in the fall of 2022, who believed that the excitement about blockchain was going to be far outweighed by AI. Druckenmiller said he reduced the bet after"the stock went from $150 to $900.""I'm not Warren Buffett; I don't own things for 10 or 20 years. I wish I was Warren Buffett," he added.
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