The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Stanley Druckenmiller took a sizable position in Nvidia (NASDAQ: NVDA) shortly after ChatGPT's release. The famous investment manager typically takes a top-down approach to investment themes, buying groups of stocks poised to benefit from trends such as artificial intelligence. That means he has owned stakes in Nvidia, Broadcom (NASDAQ: AVGO), Micron Technology (NASDAQ: MU), and Intel (NASDAQ: INTC), among other big semiconductor companies, at various points during the last few years.
Druckenmiller sold out of his Nvidia position in 2024. Last quarter, he exited from his positions in Broadcom, Intel, and Micron. Only one big AI chipmaker remains in his portfolio, although he has kept stakes in a few smaller ancillary AI-related semiconductor companies. In fact, Druckenmiller opened that position during the same period that he sold his other major semiconductor stocks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While Druckenmiller was selling some of the biggest names in the AI chip space, he was buying AMD (NASDAQ: AMD). The veteran chipmaker makes graphics processing units (GPUs), but its strength has long been in central processing units (CPUs). And while GPUs, with their massive parallel processing power, were the chips in highest demand during earlier phases of the AI infrastructure build-out, the market for data center CPUs is growing rapidly due to the expected rise in the use of agentic AI, a technology that requires far more CPUs to support than AI training does.