In mid-June, Nvidia was the world's most valuable company, with a market capitalization of $3.34 trillion. Today, it is the No. 2 company in the world by market capitalization, with a market cap of $3.329 trillion. However, some investors sold Nvidia stock just before the 10-to-1 split in May because they thought it was too expensive. One of them is Stanley Druckenmiller, who now deeply regrets his actions, he told Bloomberg.
Stanley Druckenmiller, who used to be the head of Duquesne Capital and is now a top-down investor running Duquesne Family Office LLC, regrets the decision he now considers a mistake. Initially, he planned to hold his Nvidia stock for years but sold it when it was priced between $800 and $950, missing its rise to $1,300. At a conference 18 months earlier, he was confident in maintaining the investment long-term. However, when Nvidia's value tripled in just a year, he felt the valuation was too high and decided to sell as he was not the kind of investor to hold through such rapid gains.
