Duquesne Family Office's lead investor dumped two of the most prominent AI stocks for a company that thrived during the COVID-19 pandemic.
For the better part of the last three years, no trend has captivated the attention and capital of investors more than artificial intelligence (AI) . Giving software and systems the capacity to make split-second decisions without human oversight is a game-changer for most industries around the globe. It's also the reason analysts at PwC foresee AI boosting worldwide gross domestic product by $15.7 trillion come 2030.
While most Wall Street analysts have lofty expectations for the AI revolution, billionaire money managers have been more tempered with their optimism.
For example, Duquesne Family Office's billionaire investor Stanley Druckenmiller was