Billionaire investor Stan Druckenmiller reduced his Nvidia stake due to demand concerns and high valuation.
Billionaire investor Stan Druckenmiller, known for his work with George Soros and managing Duquesne Capital, reduced his massive Nvidia stake. He cited reasons including concerns about a potential slowdown in demand for Nvidia's gaming chips and other components, as well as the company's high valuation. Druckenmiller previously held nearly $550M worth of Nvidia stock and options in his Duquesne Family Office.
May 12, 2024
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