Billionaire Stanley Druckenmiller Sold Nvidia and Bought These 2 E-Commerce Stocks Instead

Billionaire Stan Druckenmiller -- of Soros Fund and Duquesne fame -- was one of the first investors to catch on to Nvidia (NASDAQ: NVDA) as an artificial intelligence (AI) investment. He bought Nvidia stock in the fourth quarter of 2022, when it was around $15 a share. Since then, it has gone up hundreds of percentage points, completed a 10-for-1 stock split in 2024, and now trades at around $115. However, Druckenmiller has now fully sold out of his position. In the Duquesne Family Office, the investor didn't own a single Nvidia share at the end of 2024.What is he buying instead? Two e-commerce giants that could be great long-term investments: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Here's why the legendary investor might be buying these two stocks right now, and whether you should consider adding them to your own portfolio.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool