Nvidia stock continues to rise, but Druckenmiller still isn’t interested
Since 2022, Nvidia stock has soared an incredible 895% and is expected to grow even further as AI is hyped around the world. The semiconductor manufacturing giant is doing just that through the integration of artificial intelligence into its latest GPUs. This is their main base and demand is increasing, increasing their stock price and market capitalization.
However, Druckenmiller, a prominent former hedge fund manager, sold all of his shares in Nvidia in the third quarter and instead chose another chipmaker, Broadcom, to offer AI chips at a lower price. We are considering competing with margin.
What is Druckenmiller hiding?
Druckenmiller’s Broadcom mania ultimately led him to place the AI-backed stock as one of his top 15 overall holdings. The billionaire and former market expert’s sudden move has sent Wall Street into a frenzy, raising questions about whether Druckenmiller knows anything other U.S. investors should know. .
FAQ:
Will Broadcom’s stock price continue to grow?
Yes, after Broadcom decided to introduce AI-dependent chips to compete with Nvidia, its stock price skyrocketed and is currently growing at a good pace on Wall Street.
Did Stan Druckenmiller buy Broadcom stock?
Yes, Stan Druckenmiller is currently obsessed with Broadcom stock, so much so that he’s put the AI-backed stock in the top 15 of his entire portfolio.
Disclaimer: This content is created by a third party. The views expressed here are those of the respective authors/organizations and do not represent the views of Economic Times (ET). ET does not guarantee, endorse, endorse, or in any way be liable for its content. Please take all necessary steps to ensure that the information and content provided is correct, updated, and verified. ET disclaims all warranties, express or implied, with respect to the report and its contents.
