Wall Street Titan Ditches Nvidia for 2 Hot AI Stocks – Find Out Which Ones!

Renowned as ⁣one‍ of the most successful investors ⁣in American history, billionaire ‍Stan Druckenmiller gained ‍fame in⁤ 1992 by earning $1 billion from betting against the British pound. Over three decades, his hedge‌ fund, Duquesne ‌Capital Management, delivered an impressive 30% annual return‍ without a ⁤single year of losses.

Although Druckenmiller no longer manages external funds, he oversees his personal wealth through Duquesne Family Office, allowing investors to track his ‌portfolio. In the first ‍quarter, Druckenmiller made significant trades.

He sold 441,551 shares of Nvidia (NASDAQ: NVDA), reducing his stake ⁢by 71%. Despite the reduction, ‌Nvidia remains his seventh-largest holding, representing 3.6% of his portfolio.

Additionally,‍ he purchased⁤ 26,150 shares‌ of ‍Microsoft (NASDAQ: ‍MSFT), increasing his position by 2%. Microsoft now stands‌ as⁢ his second-largest holding, comprising 11% of ‍his portfolio.

Furthermore, he acquired 194,067‍ shares of Arista Networks (NYSE: ‍ANET), boosting his position by 83%…

2024-07-26 04:12:00
Content retrieved from finance.yahoo.com