Billionaire Stanley Druckenmiller Just Sold Some Sandisk Stock and Bought These 3 Unstoppable Artificial Intelligence (AI) Stocks
Amazon, Alphabet, and Taiwan Semiconductor remain well positioned to keep winning amid the AI infrastructure build-out.
Overview
Billionaire hedge fund manager Stanley Druckenmiller, who runs the Duquesne Family Office, made a number of interesting portfolio moves during the second quarter. Among them, the firm sold some of its Sandisk (NASDAQ: SNDK) stock and piled into three other AI-related companies: Taiwan Semiconductor (NYSE: TSM), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN).
Given how strong a year memory maker Sandisk was having in the first half, this move seemed prudent, as there were other, more attractive investment options available. And even though Druckenmiller made these moves at least a month and a half ago, this trio of stocks he bought would still be smart to load up on.
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Originally published at www.fool.com.