The Art of Value Why Druckenmiller Owns Nvidia Despite "Nosebleed Territory”
This episode summarizes and discusses a recent interview with legendary macro-investor Stan Druckenmiller. Druckenmiller talked about his current bullishness on AI stocks and how they’ve been dominating his long portfolio for the past few months. He also talked about the hard landing recession that he still sees coming, and his predictions for the economic environment. His comments are always worth listening to, as he hasn’t had a year of negative investment returns in 40 years.
Timestamps:
00:00 Stan Druckenmiller intro
00:34 US-led tech innovation
01:02 The AI boom
02:04 Nvidia stock
02:36 AI dominating is longs
02:50 Lessons for AI from The Dotcom Bubble
04:16 Where are the fat pitches?
06:35 Hard landing recession ahead?
08:52 What will sink?
10:50 When recession?
Related content:
Oct 2022: Stanley Druckenmiller Predicts Hard Landing Recession for 2023
May 2023: Stan Druckenmiller Still Predicts Hard Landing Recession
Full Bloomberg invterview (June 2023): Druckenmiller on How AI is Dominating His Long Portfolio
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https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581
Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.