The chip stock has more than tripled in 2023, suging 238%. He recently said Nvidia could fare well even in a severe recession. Druckenmiller first bought the stock in the fourth quarter of 2022. Nvidia was one of his top picks to benefit from the AI boom, along with Microsoft. After a stellar run in Nvidia shares, Druckenmiller trimmed his stake last quarter, but it's still his family office's biggest holding, with a value of some $380 million at the end of the latest quarter. The legendary investor, who has never had a down year in the markets, previously said AI could be a fruitful opportunity for investors, especially when the economy comes out of the next recession. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play - Nvidia, according to its latest filing to the Securities and Exchange Commission. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
