Speaking to CNBC’s “Squawk Box”, Stanley Druckenmiller revealed that he cut his stake in Nvidia and a lot of other positions in March after riding the stock from $150 to $900. The reason is mostly due to some profit-taking as he admitted that “AI might be a little overhyped now” and a lot of what he recognized has become recognized by the marketplace. Nevertheless, he remains bullish on AI in the long term.
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This article was written by Giuseppe Dellamotta at www.forexlive.com.
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