Billionaire Stanley Druckenmiller Sold Nvidia and Bought These 2 E-Commerce Stocks Instead [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
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Source: Yahoo! Finance
He bought Nvidia stock in the fourth quarter of 2022, when it was around $15 a share. Since then, it has gone up hundreds of percentage points, completed a 10-for-1 stock split in 2024, and now trades at around $115. However, Druckenmiller has now fully sold out of his position. In the Duquesne Family Office, the investor didn't own a single Nvidia share at the end of 2024. What is he buying instead? Two e-commerce giants that could be great long-term investments: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) . Here's why the legendary investor might be buying these two stocks right now, and whether you should consider adding them to your own portfolio. At the end of Q4 2024, Amazon made up around 2% of Druckenmiller's U.S.-listed
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MELI
Earnings
- 2/20/25 - Beat
MELI
Sec Filings
- 2/26/25 - Form 144
- 2/21/25 - Form 10-K
- 2/20/25 - Form 8-K
- MELI's page on the SEC website