Stocks
Druckenmiller Ditches Intel, Micron for Amazon and Tesla Bets
Stanley Druckenmiller's Duquesne Capital made significant portfolio adjustments in Q2, divesting from Intel and Micron to invest in Amazon and Tesla.
The fund sold its entire stakes in these chipmakers, using the proceeds to build substantial positions in AMZN shares and call options on TSLA.
Druckenmiller's Duquesne Family Office now holds about 541,600 shares of Amazon, an elevenfold increase from Q1, while also doubling its call-option position in the company.
This move indicates a high level of conviction in Amazon's prospects, particularly as the company continues to expand its automation efforts and invest in robotics.