5 Best Stan Druckenmiller Stocks Other Billionaires Are Also Piling Into

3. NVIDIA Corp (NASDAQ:NVDA)

Number of Billionaires Holding Stakes: 29
Duquesne Capital’s Equity Stakes: $380.47 Million

NVIDIA Corp (NASDAQ:NVDA) remains the talk of Wall Street and one of the best Stan Druckenmiller stocks other billionaires are piling into amid the artificial intelligence frenzy. NVIDIA Corp (NASDAQ:NVDA) has become a trillion-dollar empire amid solid demand for graphic processing units to power data centers, personal computers, and mobile devices.

In its Q3 2023 investor letter, White Brook Capital shared its perspective on NVIDIA Corporation (NASDAQ: NVDA) as follows:

“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”

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