Druckenmiller: ‘Selling all my Nvidia was a big mistake’

Billionaire investor Stanley Druckenmiller said that selling his Nvidia (NASDAQ:NVDA) position was a big mistake.

In a Bloomberg interview, the head of Duquesne Family Office said he now owns no Nvidia (NVDA) shares.

He explained that he thought Nvidia’s (NVDA) valuation was rich.

“We are long-term believers in AI,” he said. “And there are still many ways we’re playing [the AI theme], particularly in the infrastructure that’s being built out to support the power needed.”

Druckenmiller said he thinks Nvidia (NVDA) “is a wonderful company,” and that “when the pressure comes down, we [will] get involved again.”

“But right now, I’m licking my wounds from a bad sell there.”