Stanley Druckenmiller Trims NVIDIA Stake, Reduces Copper Exposure in Q1: 13F

The article discusses billionaire investor Stanley Druckenmiller’s portfolio changes in the first quarter of 2024, as revealed in his 13F filing. Druckenmiller reduced his stake in NVIDIA, a leading chipmaker known for its AI and graphics processing units (GPUs). He also decreased his exposure to copper, a metal widely used in various industries, including technology. While the article does not provide specific details about AI or artificial intelligence, it highlights Druckenmiller’s investment moves in sectors related to technology and semiconductors, which are closely tied to the development and deployment of AI systems. The article suggests that Druckenmiller may have adjusted his positions based on his outlook for these industries and their potential growth prospects.

Source: https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-trims-nvidia-stake-copper-exposure-13f-q1-duquense-2024-5