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Stockreport

Billionaire Stanley Druckenmiller Sold Nvidia and Broadcom and Is Buying This Spectacular Artificial Intelligence (AI) Stock Instead [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Such was the case in late 2022, when he started buying a huge stake in Nvidia as OpenAI launched ChatGPT. By the next summer he had accumulated over 950,000 shares of the leading AI stock, and it accounted for 14% of the portfolio held his Duquesne Family Office. But by last fall, Druckenmiller had completely sold his Nvidia shares and bought competing chipmaker Broadcom instead. He quickly sold those shares as well, and ended 2024 without either of the two largest AI chipmakers in his portfolio. He's now turned his attention and capital to another artificial intelligence stock that looks like a spectacular investment opportunity at its current price. Druckenmiller's decision to sell both Nvidia and Broadcom appears to have been motivated by just one thing: valuation. In an interview with CNBC last May, he said "AI might be a little over-hyped now." Nvidia shares had climbed over 600% from his initial purchase by the end of the first quarter last year, climbing 82% in the first [Read more]
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Stockreport

Billionaire Stanley Druckenmiller Sold Nvidia and Broadcom and Is Buying This Spectacular Artificial Intelligence (AI) Stock Instead [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Such was the case in late 2022, when he started buying a huge stake in Nvidia as OpenAI launched ChatGPT. By the next summer he had accumulated over 950,000 shares of the leading AI stock, and it accounted for 14% of the portfolio held his Duquesne Family Office. But by last fall, Druckenmiller had completely sold his Nvidia shares and bought competing chipmaker Broadcom instead. He quickly sold those shares as well, and ended 2024 without either of the two largest AI chipmakers in his portfolio. He's now turned his attention and capital to another artificial intelligence stock that looks like a spectacular investment opportunity at its current price. Druckenmiller's decision to sell both Nvidia and Broadcom appears to have been motivated by just one thing: valuation. In an interview with CNBC last May, he said "AI might be a little over-hyped now." Nvidia shares had climbed over 600% from his initial purchase by the end of the first quarter last year, climbing 82% in the first [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS