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Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to the new CNBC Delivering Alpha investor survey. Forty-seven percent of respondents said big-cap tech companies are the best way to invest in AI, while 37% believe there's too much hype around the space. The chipmaker has been at the center of an AI craze on Wall Street. Investors piled into the AI enabler after the company recently made a shockingly strong forecast of future demand. Alphabet's AI capabilities and ambition attracted buying from big investors recently, including Stanley Druckenmiller 's Duquesne Family Office, Dan Loeb's Third Point and Bill Ackman's Pershing Square Capital Management.

Persons: Buzzy chatbot ChatGPT, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's Organizations: Big Tech, CNBC Delivering Alpha, CNBC, Nasdaq, Microsoft, Google, Duquesne Family Office, Bill Ackman's Pershing, Capital Management

NEW YORK, June 7 (Reuters) - U.S. investor Stanley Druckenmiller, chairman and Chief Executive Officer at Duquesne Family Office, said on Wednesday that he still expects a hard landing for the U.S. economy, as inflation persists, but offered a positive outlook for Nvidia. Still, the investor is bullish on artificial intelligence, mainly on chipmaker Nvidia Corp (NVDA.O). "Unlike crypto I think AI is real," he said. "If it's as big as I think it is, Nvidia is something we're going to want to own for at least two or three years. Reporting by Carolina Mandl and Davide Barbuscia in New YorkOur Standards: The Thomson Reuters Trust Principles.

Persons: Stanley Druckenmiller, Carolina Mandl, Davide Barbuscia Organizations: YORK, Duquesne Family Office, Nvidia, Bloomberg, Nvidia Corp, Thomson Locations: U.S, New York

☆ Stanley Druckenmiller says Nvidia stock is worth holding for the next few years amid AI bullishness
▼ + stars: | 2023-06-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Nvidia is worth holding for two to three years, Stanley Druckenmiller said in a Bloomberg conference. His bullishness comes as other investors have called Nvidia overvalued. His bullishness comes as other investors have called Nvidia overvalued after it briefly soared to a market cap of $1 trillion last month. During the Bloomberg interview, Druckenmiller also noted that even if a hard landing for the economy affects some AI development, he expects Nvidia to thrive in the long run. In the first quarter, his family office snapped up $220 million worth of the chipmaker's stock.

Persons: Stanley Druckenmiller, Druckenmiller, —, he'd, Bard, they're, Cathie Wood, Asmath Damodaran, Goldman Sachs Organizations: Nvidia, Bloomberg, Microsoft, Service, Privacy, Bloomberg Invest, Duquesne Family, Bank of America, ARK

☆ Family offices are lifting their exposure to bonds and emerging-market equities, UBS survey says
▼ + stars: | 2023-05-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Family offices are making major shifts in their portfolios, increasing their exposure to bonds and emerging-market equities, according to a UBS survey. The wealthy cohort plans to raise developed market fixed income investments in 2023, with more than one-third of family offices aiming at high-quality, short-duration bonds, according to the survey, which earlier this year polled 230 global family offices. "The shift that's going on is very telling," Charles Otton, head of UBS' global family and institutional wealth business, told CNBC. "Developed market fixed income and government bonds are strongly attractive to family offices as they look to 2023 in a very different rate environment." Duquesne Family Office's Stanley Druckenmiller, for one, has been calling for a recession for a while .

Persons: Charles Otton, Otton, Office's Stanley Druckenmiller Organizations: UBS, CNBC, Federal, Duquesne

☆ Steve Cohen's Point72 fund has likely scored a $100 million gain on Nvidia stock in 2 months as the AI craze persists
▼ + stars: | 2023-05-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Steve Cohen's hedge fund has likely made a $100 million gain on Nvidia after investing last quarter. Cohen recently urged investors to shrug off their fears and ride the "big wave" of AI. Steve Cohen's hedge fund has likely scored a $100 million gain on Nvidia in just two months, thanks to the chipmaker's stock surging on the back of the artificial-intelligence boom. Point72's largest positions included a $523 million stake in Meta Platforms, and more than $400 million worth of stock in both Broadcom and Amazon. He described the burgeoning technology as a "big wave," and predicted it would create new jobs as well as eliminate existing ones.

☆ Hedge funds are loading up on Nvidia and these other tech stocks, Goldman data shows
▼ + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Hedge funds piled into Nvidia in the first quarter just in time for the chipmaker's eye-popping rally following a blowout forecast. The smart money hedge funds also loaded up on other tech stocks tied to artificial intelligence, according to Goldman Sachs. The Wall Street investment bank analyzed the holdings of 740 hedge funds with $2.2 trillion of gross equity positions at the start of 2023, based on regulatory filings. Goldman then identified technology, media and telecom (TMT) stocks with the largest net changes in hedge fund popularity during the first quarter. A total of 34 hedge funds added Nvidia to their portfolio in the first quarter, according to Goldman.

Persons: Goldman Sachs, Goldman, Jensen Huang, Stanley Druckenmiller, Druckenmiller, David Tepper's Organizations: Nvidia, Wall, Billionaire, Duquesne, National Instruments, KLA Corp, Silicon Laboratories, Dynatrace

☆ Here are big Wall Street investors' favorite A.I. bets, other than Nvidia
▼ + stars: | 2023-05-25 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

But it's not just Nvidia the smart money is betting on to power AI growth. Dan Loeb's Third Point also purchased Alphabet in the first quarter, making it the fund's fifth-biggest holding. Shares of Alphabet have rallied almost 40% this year as investors grew optimistic about the company's AI capabilities. AI software Druckenmiller revealed recently his Microsoft stake was also a bet on AI. Another AI software maker, Palantir, lately attracted buying from Ark Invest's Cathie Wood.

Persons: it's, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's, Philippe Laffont’s Coatue, Stephen Mandel’s, Druckenmiller, David Tepper, Daniel Sundheim, Meta, Laffont’s Coatue, —, Samantha Subin Organizations: Nvidia, Wall Street's, Billionaire, Duquesne, Office, Google, Bill Ackman's Pershing, Capital Management, Taiwan Semiconductor, Tiger Global Management, Coatue Management, Devices, Stephen Mandel’s Lone Pine Capital, Microsoft, Meta Locations: Wall

☆ Hedge funds piled into these A.I. stocks during the first quarter
▼ + stars: | 2023-05-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Securities filings released this week signaled that many hedge funds also appear to be catching the AI bug. Betting on AI heavyweights Alphabet popped up as one of the most common AI plays among big investors in the first quarter. Microsoft bet billions on AI capabilities, funneling another multibillion-dollar investment in January into ChatGPT maker OpenAI. Beyond Alphabet and Microsoft Outside heavyweight giants Alphabet and Microsoft, many hedge funds beefed up other AI-related holdings in the first quarter. His Nvidia bet equaled roughly $1.4 billion at the end of March.

☆ 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.

☆ How Wall Street pros traded 7 of our Club stocks, including Salesforce, in the first quarter
▼ + stars: | 2023-05-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Lots of Club holdings, including Nvidia (NVDA) and Alphabet (GOOGL), were among the stocks traded by some of Wall Street's biggest investors and money managers in the first quarter. That firm, Jeffrey Ubben's Inclusive Capital, had owned 1.63 million Salesforce shares at the end of December, worth nearly $217 million at the time. Jeff Smith's Starboard Value also sold some Salesforce shares in Q1, leaving the firm with 2.5 million shares at the end of March. Mason Morfit's ValueAct Capital amplified its Salesforce stake in the first quarter, ending with 3.5 million shares, up from just 560,221 shares at the end of 2022. Loeb's Third Point amassed 4.75 million shares of Alphabet, worth $492.7 million at the end of the first quarter.

☆ Here's how Wall Street pros traded 13 Club stocks last quarter, including Salesforce and Disney
▼ + stars: | 2023-02-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Big-name investors and hedge funds made moves in Club holdings Disney (DIS), Nvidia (NVDA) and TJX Companies (TJX) in the fourth quarter. Starboard's position stood at 3.03 million shares — valued at $401.22 million — at the end of the fourth quarter, according to the firm's 13F. Inclusive's 1.63 million shares were worth $216.77 million and ValueAct's 560,221 shares carried a market value of $74.28 million. CRM YTD mountain Salesforce (CRM) YTD performance In addition to Salesforce, a number of other Club holdings appeared in hedge funds' quarterly disclosures. Some of the activists swarming at Salesforce have positions in other Club holdings and made changes to them during the fourth quarter.

☆ 100 years of stock-market history show the sell-off is likely only half done, says a 30-year market vet who called the downturn. Here are 3 criteria to watch to know when the worst is over.
▼ + stars: | 2022-11-19 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Jon Wolfenbarger thinks stock-market investors are still too optimistic that a bear market bottom is coming sometime in the immediate-to-near future. When bear markets occur when valuations are relatively high, the bear markets tend to drag on longer. The median bear market length during periods of high valuation among those listed above is 17 months, Wolfenbarger said, compared to 13 months when valuations are attractive. Given that the current market sell-off began amid some of the highest valuations in history, Wolfenbarger said he expects the bear market to last 17 months or longer. Wolfenbarger's views in contextIn June, Societe Generale conducted a similar analysis to Wolfenbarger's and looked at bear markets over the last 150 years.

☆ Alpha In The Family
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlpha In The FamilyInvesting icon Stan Druckenmiller of Duquesne Family Office sits down with Joe Kernen to talk about today's investment environment.

☆ 'Deer in the headlights': Young bankers on Wall Street have had it easy for years — but they're about to face a bloodbath
▼ + stars: | 2022-10-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +8 min

If you can spare compassion for anyone on Wall Street during these volatile times, please consider the youth. That also meant bankers on Wall Street got fat off the huge fees that came with advising these companies or taking them public. Wall Street is an apprenticeship system; young bankers learn by watching senior bankers do things and by doing all the time-consuming grunt work senior bankers don't want to do. Many of the rules that young Wall Street just learned about how the markets react to events have to be thrown out the window. In the crowd at the conference that day were a bunch of young Wall Streeters who had been invited to attend as a learning experience.

☆ Billionaire investor Stanley Druckenmiller says owning stocks 'doesn't make a lot of sense' right now as the US economy will likely go into recession in 2023 — and warns the market is in for a decade
▼ + stars: | 2022-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Billionaire investor Stanley Druckenmiller says the US economy is headed for a recession in 2023. Stanley Druckenmiller delivered a bleak message on Wednesday on the fate of the US economy: a recession is very likely sometime next year. "I will be stunned if we don't have a recession in '23," Druckenmiller said at the CNBC Delivering Alpha conference in New York. Given the poor macroeconomic outlook and the Fed's stated willingness to cause damage to the labor market, Druckenmiller said he's not bullish on risk assets like stocks right now. "You can have a period of 15, 20 years, 10 years where the market doesn't go anywhere.

"There will be impacts, there’s correlations ... some market volatility, and then how it weighs in the global growth picture," said Paul Malloy, head of municipals at Vanguard. The wild swings in the pound have ricocheted across currency markets, where volatility was already climbing. According to the widely watched Deutsche Bank Currency Volatility Index , volatility across currencies on Wednesday hit its highest level since the March 2020 COVID-19- induced market meltdown, jumping more than 20% from levels last week. Closely followed indicators of financial stress remain contained. U.S. stock market volatility as measured by the "fear index," the VIX (.VIX), has also climbed in recent days but remains below its 2022 highs.

☆ Stanley Druckenmiller says he'd be 'stunned' if recession doesn't happen in 2023
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller says he'd be 'stunned' if recession doesn't happen in 2023Stanley Druckenmiller, Duquesne Family Office founder, speaks from CNBC's Delivering Alpha conference about his macro economic outlook and what a looming recession in 2023 means for investors.

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