News Formal

Stanley Druckenmiller piles into these A.I. plays and other technology stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Stanley Druckenmiller bought into a few stocks tied to artificial intelligence last quarter, while piling into a handful of other names in the tech sector.

Billionaire investor Stanley Druckenmiller bought into a few stocks tied to artificial intelligence last quarter, while piling into a handful of other names in the tech sector, according to a new regulatory filing. The legendary investor, who now runs Duquesne Family Office, bought $210 million in Microsoft, making it his third-largest holding. Meanwhile, he increased his Nvidia holdings significantly, boosting the chip maker to his family office's second-largest bet.

Nvidia, which makes chips needed for AI computing tasks, has jumped more than 96% this year after having a banner first quarter, its biggest quarterly gain since 2001. Microsoft has rallied 30% in 2023. The investor also built a sizable stake in Alphabet, another AI play, making it one of his top 10 holdings. Alphabet's Google announced last week it would bring AI features to its signature search product to turn complex queries into simple answers by combining results from multiple sources.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Druckenmiller pumps $400M into Nvidia, Microsoft stocks in big AI betsBillionaire Stanley Druckenmiller's family office pumps a combined $430 million into Nvidia and Microsoft stocks in big, bold AI bets
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Tech stocks could tumble as earnings recession sets in: Morgan StanleyTech stocks aren't immune to economic pain - and could be the next domino to fall, Morgan Stanley advisor says
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Morgan Stanley weighs cutting 7% of Asia investment bank jobs-sourceMorgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter.
Källa: Reuters - 🏆 2. / 97 Läs mer »