- Stanley Druckenmiller exited positions in Micron, Intel, and Broadcom by Q2 end, moving capital into AMD stock.
- The AMD bet aligns with the upcoming Helios AI inference system launch, backed by OpenAI, Meta, and Microsoft.
- AMD’s data center revenue doubled to $6.7 billion, with management projecting another doubling by 2027.
- Micron stock dropped nearly 6% on August 24 amid profit taking and supply chain concerns.
Billionaire investor Stanley Druckenmiller exited positions in Micron, Intel, and Broadcom during the second quarter and moved capital into AMD stock, according to Duquesne Family Office’s latest 13F filing. He sold Micron even as the stock more than doubled this year, and Intel despite its strongest growth in a decade. Broadcom was also cut after a 48% revenue jump, suggesting Druckenmiller trimmed winners once valuations caught up. According to Stanley Druckenmiller, “We still have dribs and drabs of AI around,” signaling he remains selective rather than bearish. The new AMD stake, roughly 0.8% of Duquesne’s assets, aligns with the upcoming Helios AI inference system. AMD’s data center revenue doubled to $6.7 billion last quarter, and management guided for another doubling by 2027. Helios already has commitments from OpenAI, Meta, Microsoft, and Anthropic. Meanwhile, Micron stock fell nearly 6% on August 24 to close at $910.43, pressured by profit taking and concerns over Apple‘s memory sourcing. A break below $900 could open a retest of the July low near $740. AMD stock trades at $456.75, down 3.49% on the day but up 120% for the year. The 45-day lag before Druckenmiller’s next 13F filing means the AMD position could already look different by the time it becomes public.
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