Billionaire Stanley Druckenmiller’s family office led investment firms for the world’s rich in trimming artificial intelligence bets last quarter, pocketing gains from one of this year’s hottest trends.
Druckenmiller’s Duquesne Family Office cut its Nvidia Corp. stake in the quarter ended Sept. 30, according to its 13F filing, the first time this year the New York-based firm disclosed a drop in its holdings of the major beneficiary of increased AI interest.
George Soros’s family office and a division of multifamily office Stonehage Fleming also offloaded the stock in the period. Nvidia’s shares have surged almost 240% this year, ...
