Reported 2 days ago
Billionaire investor Stanley Druckenmiller has recently exited his position in Nvidia, citing concerns over its high valuation, and has significantly increased his investments in U.S. bank stocks. This shift comes as the AI sector faces skepticism about its sustainability, despite entering a new stake in Taiwan Semiconductor Manufacturing. Druckenmiller's moves suggest he sees potential in the banking sector amidst changing economic conditions, highlighting a possible trend of reevaluating high-flying tech stocks.
Source: YAHOO