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Barchart
Barchart
Yiannis Zourmpanos

Billionaire Stanley Druckenmiller Just Sold 2 Key AI Stocks. He Bought Broadcom Instead.

Broadcom IN: AVGO Duquesne

With Broadcom (AVGO) back in favor, we look at the latest moves and earnings performance of one of the most popular second layer AI plays in the tech sector following a Q1 opening position by Stanley Druckenmiller's Duquesne Family Office.

In addition to opening a fresh position in AVGO stock, Duquesne sold down both Alphabet (GOOG) (GOOGL) and Amazon (AMZN) in Q1, suggesting rotation into the pick-and-shovel side of artificial intelligence.

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