**Billionaire investor Stanley Druckenmiller, head of Duquesne Family Office, sold nearly 196,000 shares of Broadcom (NASDAQ: AVGO) during the second quarter of 2023, capitalizing on a significant price surge that saw the stock reach an all-time high of $495 per share. This decision follows a primary investment strategy that emphasizes profit-taking, with Druckenmiller’s fund historically maintaining an average hold time of just seven months.**
**In contrast, Druckenmiller significantly increased his stake in Amazon (NASDAQ: AMZN) by over 1,000%, acquiring approximately 495,800 shares. Amazon’s performance is bolstered by its cloud services division, Amazon Web Services (AWS), which recently experienced a sales growth spike to 37% due to the integration of AI technologies. Amazon accounted for over 40% of U.S. e-commerce sales last year, underscoring its market dominance.**
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