Billionaire Stanley Druckenmiller could come back to it during the Nasdaq fix after dropping this AI giant last year

in S&P 500 and Nasdaq In the correctional realm, you may not be very optimistic about investment. However, since many of yesterday’s Hyflia are today’s cheap dirt trades, it’s actually the best time to buy stocks. Therefore, an era of market decline represents the best moment to join a quality company, and the next step is to benefit over the long term.

And today, one billionaire investors in particular may be taking advantage of this market moment. Billionaire Stanley Druckenmiller has a long track record of success and offers an average annual return rate for 30 years at Duquesne Capital Management without losing money. He currently manages $3.7 billion as head of the Duquesne Family Office.

However, last fall, Druckenmiller said he was disappointed by one of his latest investment moves. He sold it Artificial Intelligence (AI) Stocks It has skyrocketed over 1,900% over the past five years – and he expressed interest in returning to the growth story with a proper assessment. Druckenmiller may have noticed a significant drop in the price of this player in recent weeks. In my opinion, he may be buying this stock for negotiation during the Nasdaq revision.

Druckenmiller holds many tech stocks in his portfolio, and speaks positively about AI, saying he believes in the technology in the long term. So, he clearly aims to be involved in this high growth story. However, last year, Druckenmiller reduced the AI ​​giant’s retention nvidia (NASDAQ: NVDA) And finally Closed position Third quarter. Investors originally purchased Nvidia shares in the fourth quarter of 2022, but rose by about 700% between the time in the portfolio. Why did Druckenmiller do? He thought the review had become too rich.

Last year, Nvidia traded estimates of positive revenue up to 50 times. But even if Nvidia is trading at that level, Druckenmiller, as he said in an interview with Bloomberg, considers his move a “big mistake” and added that he will consider buying the stock again with a proper valuation.

I think there may be a moment as Nvidia’s stock fell 10% in a month, and stock trading remains an estimate of earnings 26 times earlier. You won’t be surprised that Druckenmiller will use this opportunity to return to Nvidia and aim to benefit from the next wave of growth.

It is important to remember that despite Nvidia’s revenues skyrocketing in double and triple digits after the quarter, the company is still in the early chapters of its AI story. Nvidia chief Jensen Huang says it will need to update $1 trillion outdated computers to accommodate accelerated computing.