Billionaire Stanley Druckenmiller Dumped Broadcom, Intel, and Micron for This Chip Stock. Here's Why.
Key PointsDruckenmiller has a long history of success as a hedge fund manager and today oversees more than $5 billion at his family office.
Billionaire investor Stanley Druckenmiller recently sold off Broadcom, Intel, and Micron Technology stocks for a specific chip stock. This move was disclosed in his quarterly 13F report, which reveals the strategies of managers with over $100 million under management. Druckenmiller, who has achieved a 30% average annual return over his 30-year career at Duquesne Capital Management, is now the head of the Duquesne Family Office, overseeing a $5.2 billion portfolio.
The decision to divest from Broadcom (NASDAQ: AVGO), Intel (NASDAQ: INTC), and Micron Technology (also NASDAQ: INTC) is explained in the following report.
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