The Billionaire Who Sold Nvidia Too Early Just Bought 196,000 Shares of Broadcom -- Here's the Thesis Behind the Rotation
Key takeaways
- But in mid-to-late 2024, he sold his entire position at a blended average price of around $73.50.
- Today, Nvidia's stock trades at about $190 per share.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Leo Sun, The Motley Fool Sun, June 28, 2026 at 11:44 PM GMT+7 3 min read NVDA AVGO In late 2022 and early 2023, Stanley Druckenmiller's Duquesne Family Office built a massive stake in Nvidia (NASDAQ: NVDA) for a split-adjusted price of $22-24 per share. But in mid-to-late 2024, he sold his entire position at a blended average price of around $73.50.
Today, Nvidia's stock trades at about $190 per share. So even though Druckenmiller turned a $210-$220 million investment into roughly $655 million, that investment would be worth $1.7 billion today. Druckenmiller admits that selling Nvidia before the AI market exploded was a "big mistake", but he recently invested in another big AI name: Broadcom (NASDAQ: AVGO).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »