Billionaire investor Stanley Druckenmiller exits Nvidia at $73.50, buys Broadcom at $330 amid AI infrastructure shift.
Duquesne Family Office sold its entire Nvidia position in mid-to-late 2024 at an average price of $73.50, locking in gains of $655 million on an initial $210-$220 million investment. Nvidia shares now trade near $190, valuing the original stake at $1.7 billion.
Druckenmiller recently purchased 196,000 shares of Broadcom at an average price of $330, initiating a new position after trading in and out of the stock since 2023. Broadcom, which specializes in application-specific AI accelerators for inference tasks, offers a differentiated approach to AI infrastructure compared to Nvidia’s general-purpose GPUs.
Broadcom shares rose to $365 following the disclosure, reflecting investor interest in its cost-efficient, high-performance AI solutions. The move underscores a strategic pivot toward companies enabling scalable AI deployment beyond training models.