Key Points
Stanley Druckenmiller, who manages $4.4 billion at the Duquesne Family Office, sold all his shares in Nvidia (NASDAQ: NVDA) in 2024, citing concerns over its high valuation. At the time, Nvidia traded at over 48 times forward earnings estimates but has since dropped to approximately 24 times.
Recently, Druckenmiller increased his holdings in Alphabet (NASDAQ: GOOGL) by 276%, acquiring 385,000 shares, which now constitutes more than 2.6% of his portfolio. Alphabet’s Google Cloud recently reported a 48% revenue increase, driven by demand for AI infrastructure, indicating solid growth prospects as the AI market is projected to reach trillions in the next few years.
