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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »