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Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term - TL;DR CNBC

Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

Publishing timestamp: 2024-05-07 11:26:29


Summary

Billionaire investor Stanley Druckenmiller slashed his bet in chipmaker Nvidia due to concerns about the AI boom being overdone in the short run. Despite reducing his position, he remains bullish on the long-term potential of AI. Druckenmiller also owned Microsoft and Alphabet as AI plays over the past year.


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Keywords: marketswall streetbusiness newsbreaking news: investingalphabet incmicrosoft corpartificial intelligencestock marketsinvestment strategybreaking news: marketsstanley druckenmillerbreaking news: business

Source: https://www.cnbc.com/2024/05/07/stanley-druckenmiller-cut-his-nvidia-stake-in-late-march-says-ai-may-be-a-bit-overhyped-short-term.html


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