Druckenmiller Cuts Nvidia Stake, Says AI May Be 'Overhyped' near Term

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Druckenmiller Cuts Nvidia Stake, Says AI May Be 'Overhyped' near Term

seekingalpha05-07

Famed investor Stanley Druckenmiller says he has trimmed his stake in AI bellwether Nvidia.Nvidia stock fell 1.9% in morning trading.Druckenmiller, who now runs the Duquesne Family Office, said on ...

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iNkwiziTs
·05-08
Oh nooo..
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A lot of what we recognized has become recognized by the marketplace now.\"\"Lo","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"德鲁肯米勒削减英伟达股份，称人工智能近期可能被“夸大”","themeId":"d5a154ad31824bafb78dd4878d009f3e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1.1},"content_text":"Famed investor Stanley Druckenmiller says he has trimmed his stake in AI bellwether Nvidia.Nvidia stock fell 1.9% in morning trading.Druckenmiller, who now runs the Duquesne Family Office, said on CNBC Tuesday that the chipmaker was among positions he recently reduced.He said with NVDA going from $150 to $900, \"Guess what? We did cut that position, along with a lot of other positions in late March.\"\"I just needed a break,\" he said. \"We've had a hell of a run. A lot of what we recognized has become recognized by the marketplace now.\"\"Long term we're as bullish on AI as we've ever been,\" he said. But noted that while nobody 20 years ago would have thought the internet would be as big as it had become, the Nasdaq still went down 80% in 1999.\"That's not going to happen with AI, but it could rhyme. AI could go through all this capital spending to do the payoff and while it's incrementally coming in by the day, the big payoff might be four to five years from now.\"\"So AI might be a little overhyped now, but underhyped long term,\" Druckenmiller said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":303489681412352,"gmtCreate":1715114449693,"gmtModify":1715114453729,"author":{"id":"3569473957254831","authorId":"3569473957254831","name":"iNkwiziTs","avatar":"https://static.tigerbbs.com/7cfab89f2382be8e231dff17c4383110","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3569473957254831","idStr":"3569473957254831"},"htmlText":"Oh nooo..&nbsp;","listText":"Oh nooo..&nbsp;","text":"Oh nooo..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/303489681412352","repostId":1192784034,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}