2 Stocks to Buy That Stanley Druckenmiller Added While Exiting 5 Chip and Photonics Stocks
The billionaire's family office sold five chip and photonics stocks in a single quarter -- and made two of its biggest bets on the companies writing the checks for AI instead of chasing them.
Overview
Stanley Druckenmiller's Duquesne Family Office filed its second-quarter 13F with the SEC on Friday, and the sell list looks like a verdict on semiconductors. Five chip and photonics companies -- Micron Technology, Intel, Broadcom, Lattice Semiconductor, and Coherent -- were in the portfolio at the end of March.
By the end of June, all five were gone.
Details
But the same filing shows what he bought. Among the quarter's biggest additions were Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), two of the biggest buyers of chips in the world.
Source
Originally published at www.fool.com.