Billionaire Stanley Druckenmiller Exited 38 Stocks, Including Palantir, but More Than Quintupled His Stake in This Trillion-Dollar Artificial Intelligence (AI) Stock

Duquesne Family Office's billionaire investor was a seller of tech stocks during the March-ended quarter... with one big exception. With regard to AI-data-mining specialist Palantir, its shares have climbed by an almost unfathomable 2,370% since the start of 2023. Most megacap stocks don't tack on $360 billion in market value in such a short time frame. Palantir's parabolic ascent gave Druckenmiller every reason to cash in his chips. But there's probably more behind this selling activity than just a desire ...