Key Financial Moves by Stanley Druckenmiller
Billionaire investor Stanley Druckenmiller sold his entire position in Sandisk (NASDAQ: SNDK) during the fourth quarter of 2022, while simultaneously tripling his stake in Alphabet (NASDAQ: GOOGL, GOOG). Druckenmiller, who formerly managed Duquesne Capital, now oversees his investments through Duquesne Family Office.
Sandisk, a leading supplier of NAND flash memory, reported a remarkable 404% growth in non-GAAP earnings in the most recent quarter and is projected to increase adjusted earnings by 73% annually through fiscal 2029. Conversely, Alphabet, bolstered by advancements in AI and cloud services, has a median target price of $385 per share according to analysts, suggesting a potential 30% increase from its current value of $295. Earnings for Alphabet are anticipated to grow at an annualized rate of 15% through 2029.
