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Stanley Druckenmiller’s Recent Stock Moves
Billionaire investor Stanley Druckenmiller, head of the Duquesne Family Office, exited positions in Nvidia and Palantir Technologies—two AI stocks that have surged over 1,000% and 2,000% in value over the past three years, respectively. This decision follows his reasoning that their valuations may have become “rich.”
In the second quarter of 2023, Druckenmiller also sold his shares in Amazon, a major player in AI through its cloud division, Amazon Web Services, but opened a new position in Microsoft, acquiring 200,930 shares, which represents about 2.5% of his portfolio. Microsoft trades at 33x forward earnings estimates and has reported a 34% increase in cloud revenue, amounting to over $75 billion.
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