Billionaire Stanley Druckenmiller Just Sold All of His Nvidia Shares and Bought This Rapidly Growing Artificial Intelligence Stock-Split Stock

Stanley Druckenmiller wowed investors year after year with his winning streak at the helm of Duquesne Capital Management. There, he scored an average annual return of 30% over 30 years -- and didn't post a single year of money losses. This top investor closed the fund in 2010 but has since continued investing through the Duquesne Family Office -- and one of his favored stocks in recent times has been artificial intelligence (AI) giant Nvidia (NASDAQ: NVDA).Druckenmiller bought shares of the AI chip leader in the fourth quarter of 2022, as the AI boom picked up momentum. Since that time, through the beginning of this year, they gained 400%. Earlier this year, this star investor started cutting his Nvidia holding, and in the third quarter, he sold all of his Nvidia shares.At the same time, Druckenmiller opened a $41 million position in a rapidly growing AI player that, like Nvidia, also split its stock this year after enormous gains. This represents the investor's second-biggest new position by value in the quarter. Let's find out more about this famous investor's latest moves and consider whether you should follow.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool