Billionaire investor Stanley Druckenmiller has sold his entire stake in Nvidia, citing concerns over the artificial intelligence (AI) hype and the company’s valuation. In his first-quarter portfolio update, Druckenmiller revealed that he exited his position in Nvidia, a leading manufacturer of graphics processing units (GPUs) that are crucial for AI applications. He expressed skepticism about the current AI frenzy, stating that “the AI hype is crazy” and that he doesn’t “understand why the world is so mesmerized by it.” Druckenmiller also questioned Nvidia’s valuation, which has soared due to the AI boom, suggesting that the stock may be overvalued. Despite his bearish stance on Nvidia, Druckenmiller remains bullish on other technology stocks, including Amazon, Microsoft, and Alphabet. His portfolio adjustments reflect his investment strategy of capitalizing on market opportunities while managing risks associated with overhyped trends.