Billionaire Stanley Druckenmiller’s family office Duquesne bought shares in Nvidia and Microsoft in the first quarter.
Duquesne invested around $220 million (€203 million) in the chipmaker and bought Microsoft stock worth $210 million (€194).
The new investments signal Druckermiller’s growing interest in AI-related stocks.
Das Family Office des billionaires Stanley Druckenmiller stocked up on Nvidia stock last quarter and made a new investment in Microsoft–Shares transacted, indicating a major foray into securities-related artificial intelligence suggests.
Druckenmillers Duquesne Family Office bought 791,475 shares of Nvidia worth approximately $220 million ($203 million), increasing its stake in the chipmaker from 582,915 shares worth $85.1 million (€79 million) at the end of 2022, like from one 13F-Filing emerges from Monday.
Duquesne invested in 729,040 shares worth $210 million in Microsoft in the first quarter.
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Why the billionaire bought the shares
Both Nvidia and Microsoft have dominated the AI scene this year, with the chipmaker earning the title of “leading silicon-based AI vendor,” while Microsoft is banging on the artificial intelligence hype with a $10 billion investment in OpenAI fueled — the company behind the viral language tool Chat GPT stands.
Shares of the two tech giants have soared this year thanks to the AI boom: Nvidia shares are up 98 percent year-to-date, while Microsoft shares are up around 30 percent.
Druckenmiller himself spoke at a recent conference about artificial intelligence and described it as a game-changing technology.
“Artificial intelligence is very, very real and could have as much impact as the internet,” he said.
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