Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Stanley Druckenmiller, a prominent investor, reduced his stake in Nvidia in late March, expressing concerns that artificial intelligence (AI) may be overhyped in the short term. Druckenmiller remains optimistic about AI in the long term, likening its potential to the internet and suggesting a significant payoff in four to five years.
Druckenmiller tells CNBC he cut his $NVDA position in March
$NVDA Stan Druckenmiller cuts stake. Says "Short term overhyped" Which is what a lot of customers are seeing in production. "Good from far, but as you get closer the acne and warts are obvious" https://t.co/FUcNiiuaYO
Stan Druckenmiller on AI: "So AI might be a little overhyped now, but underhyped long term. AI could rhyme with the Internet. As we go through all this capital spending we need to do the payoff while it’s incrementally coming in by the day. The big payoff might be four to five… https://t.co/Gi4c3SPSNY