Stanley Druckenmiller's latest buys suggest shifting tech trend

In January, legendary billionaire hedge money manager Stanley Druckenmiller struck an enthusiastic tone, suggesting that banal marketplace returns would surge owed to "animal spirits" tied to President Donald Trump's policies.

“I’ve been doing this for 49 years, and we’re astir apt going from the astir anti-business medication to the opposite,” said Druckenmiller successful a CNBC interview. "I’d accidental CEOs are determination betwixt relieved and giddy. So we’re a believer successful carnal spirits."

It didn't look similar Druckenmiller would beryllium close erstwhile stocks nosedived from February done aboriginal April due to the fact that of harsher-than-expected tariffs. But Druckenmiller is acold from a newbie. His been-there-done-that acquisition means he's seen plentifulness of governmental and economical turmoil, and it turns retired his bullishness wasn't misplaced.

The S&P 500 has rallied 35% since its April low, and red-hot exertion stocks person been a large crushed for the gains. Despite concerns that IT spending connected AI infrastructure would stall this year, the other has happened. Seemingly, everyone is exploring AI, and spending has surged, taking related tech stocks higher.

Still, worries persist. The market's rally has lifted valuations to levels that person drawn bubble comparisons to the dawn of the Internet. The bears reason that lofty valuations and a "buy thing AI" capitalist mentality mean a reckoning looms.

Maybe so, but possibly not yet. While Stanley Druckenmiller doesn't disclose his investing decisions successful existent time, his Duquesne household bureau is required to disclose holdings each 4th successful a 13F filing with the Securities and Exchange Commission, oregon SEC. The astir caller filing conscionable deed the tape, and it suggests Druckenmiller doesn't deliberation the AI bubble is popping yet.

Druckenmiller is 1 of the astir palmy hedge fund managers of our time. His hedge fund, Duquesne Capital Management, managed $12 cardinal erstwhile helium closed it to negociate his ain money. He's possibly champion known for “breaking the Bank of England” with famed capitalist George Soros successful 1992, successfully shorting the British lb sterling and reportedly pocketing implicit $1 cardinal successful profits.

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His household office, which boasts a portfolio valued astatine implicit $4 billion, took caller stakes successful tech giants Amazon (AMZN), Alphabet (GOOGL), and Meta Platforms (META).

• Amazon: 437,070 shares valued astatine astir $95 million.

• Alphabet: 102,200 shares valued astatine astir $25 million.

• Meta Platforms: 76,100 shares valued astatine astir $56 million.
  Source: Whale Wisdom.