Druckenmiller Sells Nvidia Stake, Increases TSMC Holdings to 765,085 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- AI Market Potential: Analysts at PwC estimate that artificial intelligence could add $15.7 trillion to the global economy by 2030, creating numerous opportunities for related companies, although not all AI stocks are guaranteed to benefit.
- Nvidia Stake Change: Druckenmiller completely sold his stake in Nvidia during the second quarter of 2024, despite the company's dominance in AI hardware, indicating a possible profit-taking strategy in response to short-term market fluctuations.
- Increased TSMC Investment: Druckenmiller has purchased shares of Taiwan Semiconductor for four out of the last five quarters, bringing his total holdings to 765,085 shares, reflecting confidence in the company's growth potential amid surging AI-GPU demand.
- Diversified Business Advantage: TSMC's operations extend beyond AI chip manufacturing to include CPUs and IoT solutions, allowing it to maintain stable growth even during fluctuations in the AI market, which enhances its attractiveness as an investment for Druckenmiller.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 255.63 USD with a low forecast of 185.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
40 Analyst Rating
38 Buy
1 Hold
1 Sell
Strong Buy
Current: 183.140
Low
185.00
Averages
255.63
High
352.00
Current: 183.140
Low
185.00
Averages
255.63
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
