Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term

Billionaire investor Stanley Druckenmiller significantly reduced his stake in Nvidia in late March, expressing concerns that the artificial intelligence (AI) hype might be overblown in the short term. Despite the reduction, Druckenmiller remains optimistic about AI's long-term potential, comparing its impact to that of the internet. He highlighted Nvidia's substantial gains, driven by its crucial role in developing AI technologies, noting the stock's impressive performance over the past year.