Legendary Investor Stanley Druckenmiller cut his stake in Nvidia

  • Druckenmiller was one of the first investors betting big on the AI boom.
Stanley Druckenmiller
Stanley Druckenmiller

Speaking to CNBC's "Squawk Box", Stanley Druckenmiller revealed that he cut his stake in Nvidia and a lot of other positions in March after riding the stock from $150 to $900. The reason is mostly due to some profit-taking as he admitted that "AI might be a little overhyped now" and a lot of what he recognized has become recognized by the marketplace. Nevertheless, he remains bullish on AI in the long term.

Here's the link for the article.

Top Brokers

Sponsored

General Risk Warning