Nvidia, a big name in making computer chips and AI technology, has seen its stock price skyrocket by 895% since last year. This is mostly thanks to the boom in artificial intelligence (AI) and how Nvidia’s new computer chips are designed for it. Many investors are excited about Nvidia, but one famous investor, Stan Druckenmiller, is going in a different direction.
Instead of buying Nvidia stocks, Druckenmiller sold all of his shares in the company. He has decided to invest in Broadcom, another chip company that is starting to make AI chips at lower prices. This move has caught everyone’s attention because Druckenmiller has a strong reputation as a smart investor. He now makes Broadcom one of his top 15 investments, which makes people wonder if he knows something that others don’t.
So, is Broadcom’s stock going to keep rising? Yes! Since Broadcom announced its AI chips, its stock is also climbing. Druckenmiller is really excited about Broadcom, and it seems like he believes it could compete well against Nvidia in the future.
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