Stan Druckenmiller, a renowned investor, has a remarkable history of achieving significant profits in the financial markets. Collaborating with George Soros in the 1990s, he famously bet against the British pound. Simultaneously, he managed his hedge fund, Duquesne Capital Management, which delivered an impressive average annual return of 30% over 30 years without any losses.
After closing his hedge fund in 2010, Druckenmiller has been overseeing his personal wealth through the Duquesne Family Office, which held approximately $3.35 billion by the end of last year. A substantial portion, around $550 million, was invested in stock and options of Nvidia (NASDAQ: NVDA).
Recently, Druckenmiller decided to reduce his significant stake in Nvidia, citing a valid reason for his action.
Nvidia’s headquarters located in Santa Clara, California. Image source: Nvidia.
The Remarkable Journey of Nvidia
Druckenmiller disclosed that he initiated his investment in Nvidia prior to the launch of OpenAI’s ChatGPT, based on a recommendation from…
2024-05-12 04:45:00
Originally published on finance.yahoo.com
