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May 22 - Stanley Druckenmiller (Trades, Portfolio)'s Duquesne Family Office sold its entire stake in Nvidia (NASDAQ:NVDA) and Palantir Technologies (NASDAQ:PLTR), while snapping up shares of Taiwan Semiconductor Manufacturing (NYSE:TSM), according to a recent SEC filing.
The fund offloaded 9.5 million Nvidia shares and about 770,000 Palantir shares between mid-2023 and early 2025. In Q1 2025, it bought 491,265 TSMC shares, boosting that position by roughly 457% since year-end.
Market watchers say growing competition in AI chips likely drove the Nvidia exit. Meanwhile, Palantir's steep valuation, trading at more than 100 times sales, may have looked stretched.
TSMC's diverse customer base, from AMD to Apple (NASDAQ:AAPL), and its role in everything from data-center accelerators to smartphone processors, probably appealed to Druckenmiller as a steadier bet.
This move suggests Druckenmiller is shifting toward a more balanced AI play with broader exposure and less risk.
This article first appeared on GuruFocus.