Druckenmiller Says He Could Own Nvidia Shares for Years

Bloomberg2023-06-08

Billionaire Stan Druckenmiller said he expects that AI is here to stay, and that he anticipates owning shares of Nvidia Corp. for several more years. “AI could be as innovative as the internet,” ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1111534061?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-06-08 15:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1111534061","market":"us","top_or_hot":-1,"title":"Druckenmiller Says He Could Own Nvidia Shares for Years","media":"Bloomberg","content":"<div>\n<p>Billionaire Stan Druckenmiller said he expects that AI is here to stay, and that he anticipates owning shares of Nvidia Corp. for several more years.   “AI could be as innovative as the internet,” ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-06-07/druckenmiller-says-he-could-own-nvidia-for-years-bloomberg-invest\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Druckenmiller Says He Could Own Nvidia Shares for Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDruckenmiller Says He Could Own Nvidia Shares for Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-08 15:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-06-07/druckenmiller-says-he-could-own-nvidia-for-years-bloomberg-invest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Billionaire Stan Druckenmiller said he expects that AI is here to stay, and that he anticipates owning shares of Nvidia Corp. for several more years.   “AI could be as innovative as the internet,” ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-06-07/druckenmiller-says-he-could-own-nvidia-for-years-bloomberg-invest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-06-07/druckenmiller-says-he-could-own-nvidia-for-years-bloomberg-invest","article_id":"1111534061","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111534061","pubTimestamp":1686208191,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Billionaire Stan Druckenmiller said he expects that AI is here to stay, and that he anticipates owni","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"德鲁肯米勒说，他可以持有英伟达的股份多年","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"Billionaire Stan Druckenmiller said he expects that AI is here to stay, and that he anticipates owning shares of Nvidia Corp. for several more years.   “AI could be as innovative as the internet,” Druckenmiller, founder of Duquesne Family Office, said Wednesday at the Bloomberg Invest conference. “If I’m right on AI, I could own Nvidia for two or three more years” and maybe longer, he added.Shares of Nvidia fell 0.4% to $384.86 at 10:46 a.m. in New York, paring its gain for the year to about 163%.Druckenmiller, who managed money for George Soros for more than a decade, called the current investing landscape challenging. “I don’t see any fat pitches,” said Druckenmiller, who’s never had a losing year managing money.Druckenmiller, 69, has been predicting a hard landing for the US economy. He’s forecasting that corporate profits could fall by 20% to 30%, that the value of commercial real estate will tumble and bankruptcies will rise.Speaking about next year’s presidential election, Druckenmiller said he would like US Senator Tim Scott, a South Carolina Republican, to be the next president. Druckenmiller also discussed the dangers of unchecked future government spending, a subject he’s been speaking about for more than a decade. He said that by 2051, Social Security, health-care programs and net interest costs will account for more than 100% of taxes. He called it “a lie” that the US government won’t cut entitlements, saying it’s only a question of whether it happens now or later.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":15,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1111534061"}