**Key Points:**
Stanley Druckenmiller’s Duquesne Family Office completely sold its shares in Alphabet (NASDAQ: GOOG, GOOGL) and significantly reduced its position in Amazon during the first quarter of 2023, as reported in a regulatory filing on May 15. This filing indicates a strategic pivot toward investments in AI hardware, with new positions in companies like SanDisk (NASDAQ: SNDK), Micron Technology (NASDAQ: MU), and Seagate Technology (NASDAQ: STX), all of which experienced remarkable revenue growth.
For example, SanDisk’s fiscal third-quarter revenue surged to $5.95 billion, up 233% for its data center business. Micron’s quarterly revenue nearly tripled, and Seagate posted a 44% revenue increase along with record margins. These stocks have seen substantial price increases, with Sandisk up thousands of percent over the past year, while Micron and Seagate have risen by over 850% and 600%, respectively. In contrast, Alphabet’s first-quarter revenue achieved $109.9 billion, marking a 22% year-over-year growth and solidifying its strong market position.
5 Stocks Our Experts Predict Could Double In the Next Year
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