Legendary Investor's Investment Strategy Transition Signals Shift towards AI Stock
Monday, 20 May 2024, 11:47
Legendary investor ditches Nvidia for this AI stock
Following legendary investors in their trades is often the best way for novice traders to learn the skill of stock trading. Stanley Druckenmiller, a billionaire investor, and CEO of Duquesne Family Office, is one of the best in the business.
- He recently returned to Palantir (NYSE: PLTR) stock, purchasing 770,000 shares at an average price of $21.30, for a total of $16.4 million invested, as disclosed in his 13F filing on May 15.
- Druckenmiller first purchased shares of the big data analytics company in Q1 2021, shortly after its initial public offering (IPO). His initial investment was 5.98 million shares, significantly larger than his current position.
- The cycle is repeating, but the roles between Nvidia and Palantir have switched.
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