"I've made so many mistakes in my investment career; one of them was I sold all my Nvidia probably somewhere between $800 and $950. I think it's somewhere around $1300 [per share] on that stock now," said Druckenmiller on Wednesday.
"I own none today," Druckenmiller confirmed to Bloomberg. "It was a big mistake." He initially expected to hold the stock for years, but then the value tripled in a year.
Nvidia's stock then skyrocketed in 2024, driven by soaring demand for its AI chips. Billionaire Oracle cofounder and chief technology officer Larry Ellison recently admitted that he treated Nvidia CEO Jensen Huang to dinner at Nobu, along with Elon Musk, to beg Huang to give them more GPUs.
"I would describe the dinner as Oracle-me and Elon begging Jensen for GPUs," Ellison recalled. "Please take our money. Please take our money. By the way, I got dinner."
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