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AI overhyped now: Billionaire Stanley on cutting NVIDIA stake
short by Mansi Agarwal / on Wednesday, 8 May, 2024
Billionaire investor Stanley Druckenmiller said he trimmed his NVIDIA stake in late March after the stock went from "$150 to $900". "I'm not Warren Buffett. I don't own things for 10 or 20 years," he stated. "AI might be a little overhyped now, but underhyped long term. AI could rhyme with the Internet," he added.
read more at Moneycontrol