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Stanley Druckenmiller - 4 Druckenmiller - 4 George Soros - 4 Soros - 1 Tempur Sealy - 1 it's - 1 I've - 1 we're - 1
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☆ Stanley Druckenmiller exits Alphabet, keeps winning AI plays Nvidia and Microsoft
  + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Billionaire investor Stanley Druckenmiller dumped his stake in Google's Alphabet entirely last quarter, while keeping his high-conviction bets on artificial intelligence through Microsoft and Nvidia . Druckenmiller's Duquesne Family Office sold $112 million worth of Alphabet shares last quarter, according to a regulatory filing. His firm briefly held Alphabet in the first quarter of 2023, sold it the next quarter and entered the stock again in the third quarter. He said he has been betting on the space through two stocks — Microsoft and Nvidia. But Druckenmiller, a Bowdoin College grad, bought call options on Nvidia with a notional value of $242 million last quarter.
Persons: Stanley Druckenmiller, Druckenmiller, George Soros, Soros, Tempur Sealy Organizations: Microsoft, Nvidia, Druckenmiller's Duquesne Family, Bowdoin College grad, Sohn Investment, Quantum Fund, Duquesne Capital Management, Arista Networks, Woodward, Flex Ltd, Barrick Gold, Marvell Technology
☆ Stanley Druckenmiller trims his winning Nvidia bet, adds new Alphabet stake
  + stars: | 2023-11-15 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play — Nvidia , according to its latest filing to the Securities and Exchange Commission. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. Druckenmiller believes the market will be "very challenged" in the current environment, and only disciplined stock pickers will be rewarded.
Persons: Stanley Druckenmiller, Druckenmiller, it's, George Soros Organizations: Duquesne, Nvidia, Securities and Exchange Commission, Microsoft, Quantum Fund, Duquesne Capital Management, Social, Vistra Energy, Seagate Technology, Broadcom
☆ Stanley Druckenmiller says stock investing is going to be really tough the next 10 years
  + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
Druckenmiller said that prior to quantitative easing, which began as part of the government's response to the 2008 financial crisis, stock valuations were typically at about 15-times earnings. The recent spike in Treasury yields have put market interest rates near their highest levels since 2007. A lot do — a stock picker's market," Druckenmiller said. "A lot of people made money in the stock market in the '70s. Not, frankly, unlike what has happened in the stock market in the last year."
Persons: Stanley Druckenmiller, Druckenmiller, I've, we're, Alex Karp, It's, George Soros Organizations: Duquesne Family, Quantum, Duquesne Capital Management Locations: U.S
☆ Stanley Druckenmiller says government needs to stop spending like 'drunken sailors,' cut entitlements
  + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
"We are spending like drunken sailors," Druckenmiller said on CNBC's "Squawk Box" Wednesday. Now it's 25% of GDP ... My father told me if you're in a hole, stop digging Stan." Despite his calls to cut overall spending, the widely followed investor stressed that it's necessary for the U.S. to support Ukraine and disagrees with Republicans urging to stop funding in that region. "I was actually happy to see when the announcement the support for Ukraine and Israel $106 billion," Druckenmiller said. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992.
Persons: Stanley Druckenmiller, Druckenmiller, Stan, Putin, George Soros Organizations: Social, Duquesne Family Office, Social Security, Quantum Fund, Duquesne Capital Management Locations: Duquesne, Israel, Ukraine
☆ Stanley Druckenmiller piles into these A.I. plays and other technology stocks
  + stars: | 2023-05-17 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Billionaire investor Stanley Druckenmiller bought into a few stocks tied to artificial intelligence last quarter, while piling into a handful of other names in the tech sector, according to a new regulatory filing. Druckenmiller said last week these two bets were his way of getting exposure to the booming AI space. He thinks that AI could be a fruitful opportunity for investors, especially when the economy comes out of what he thinks is an imminent downturn. The investor also built a sizable stake in Alphabet, another AI play, making it one of his top 10 holdings. Amazon was another new bet for Druckenmiller, who built an $84 million stake at the end of March.
☆ Stanley Druckenmiller says A.I. could win big coming out of a recession, and he's bullish on Nvidia
  + stars: | 2023-05-09 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
"It could be a beautiful opportunity in a hard landing just like '01, '02 ... a beautiful opportunity when the tech bubble bursts. NVDA YTD mountain Nvidia "My firm has only been able to participate in AI by owning Nvidia and Microsoft," Druckenmiller said. "It's not even clear to me if we had a really bad recession, that Nvidia would even come down." And now we have a big hike in interest rates." The Federal Reserve has hiked interest rates for 10 times since last year, taking the fed funds rate to a target range of 5%-5.25%, the highest since August 2007.
☆ Stanley Druckenmiller sees 'hard landing' in 2023 with a possible deeper recession than many expect
  + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
"Our central case is a hard landing by the end of '23," Druckenmiller said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. I don't know the timing but certainly by the end of '23. Druckenmiller believes the extraordinary quantitative easing and zero interest rates over the past decade created an asset bubble. "All those factors that cause a bull market, they're not only stopping, they're reversing every one of them," Druckenmiller said. To me, the risk reward of owning assets doesn't make a lot of sense," Druckenmiller said.
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