What's Happening to the AI Rally? Billionaire Investor Stanley Druckenmiller Just Exited Nvidia and Is Now Piling Into Bank Stocks.

Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided.Others, however, are concerned that scenario won't happen and that the AI market has gotten too frothy. One of these investors appears to be the billionaire hedge fund manager Stanley Druckenmiller, who now invests through his Duquesne Family Office. Duquesne recently filed its 13F filing with the Securities and Exchange Commission (SEC), detailing Druckenmiller's holdings at the end of the third quarter.Here's what it shows. The George Soros protege exited his position in the chipmaker Nvidia (NASDAQ: NVDA) and is now piling into bank stocks. Let's see what might be the reasons.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool