Reported about 2 months ago
Stanley Druckenmiller, a prominent billionaire investor known for his impressive track record, recently made significant investments in two stocks: Philip Morris International and Coherent. Druckenmiller acquired nearly 900,000 shares of Philip Morris, betting on its success in transitioning to smoke-free products, while also increasing his stake in Coherent, which specializes in laser technology linked to the AI sector. Both companies have shown strong growth prospects, with Philip Morris experiencing a notable revenue rise and Coherent benefitting from advancements in generative AI.
Source: YAHOO