Druckenmiller Cuts Nvidia Stake, Says AI May Be 'Overhyped' near Term
Famed investor Stanley Druckenmiller says he has trimmed his stake in AI bellwether $Nvidia$.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.""Lo
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