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,” ...

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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. 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