プレミアムレポート wrote a post · Oct 7, 2024 08:50

The exception of Druckenmiller's nvidia closure and Palantir.

$NVIDIA (NVDA.US)$After achieving tremendous success, it is also important to take a break!

Stanley Druckenmiller, a wealthy and renowned investor, is famous for managing funds under George Soros for over 10 years. In the well-known "Pound Crisis," Soros believed that the pound was overvalued in the foreign exchange market, sold large amounts of pounds, waited for the pound to depreciate, and then bought back pounds at a lower price, executing trades that earned him the nickname "The man who broke the Bank of England."

As a result of this massive pound collapse,Quantum Fund, led by Quantum Corp., made a profit of 1 to 2 billion dollars.It is said that this strategy was advised to Mr. Soros by Stanley Druckenmiller, who was then the operational manager of Mr. Soros's fund. Druckenmiller's presence was behind Mr. Soros's significant profit from selling pounds.

Mr. Druckenmiller currently manages the operations of the family office, Duquesne Family Office. According to documents disclosed by Duquesne to the SEC (Securities and Exchange Commission) on August 14th,It has been revealed that they have reduced their holdings of AI-related stocks for the last quarter (January-March), following the previous quarter.It has been found out.

● Transition of the number of AI-related stocks held by Duquesne Family Office (unit: shares)

Source: Created by the author from financial statements

They had 1.11 million shares in the previous quarter (January-March), and $Microsoft (MSFT.US)$ they reduced their shareholding of shares by 64%. $Meta Platforms (META.US)$ Ducaine divested all of its approximately 0.06 million shares in the previous quarter for reinvestment. Taking into account the 1:10 stock split implemented on June 10th, the number of NVIDIA shares held by Ducaine at the end of June has decreased by almost 90%.

Druckenmiller has mentioned about AI, saying, "Even an old man like me could understand what it means," and that the AI boom holds the potential to become a "remarkable mega-trend greater than the internet." Regarding the sale of NVIDIA, he expressed, "I want a little break. We have achieved incredible success. Much of what we have realized is now recognized by the market."

Druckenmiller $Palantir (PLTR.US)$buys more

There are companies in Druckenmiller's portfolio that maintain their shareholding in AI-related businesses, such as providing software for big data analytics. $Palantir (PLTR.US)$ Palantir. The performance announced by Palantir on August 6th for the second quarter of 2024 (April-June) exceeded market expectations, with revenue increasing by 27% year-over-year to 0.678 billion dollars, and net profit surpassing market estimates by 4.8 times to 0.134 billion dollars.

Palantir was founded in 2003, by prominent investor Peter Thiel, who was also involved in the founding of OpenAI. Since its inception, Palantir has had government-related agencies such as the U.S. military, Department of Defense, FBI, and CIA as customers, dealing with classified projects, making it a company shrouded in mystery.

● Palantir (Daily Chart)

●Transition of Palantir's revenue and net profit

Source: Created by the author from financial statements

Regarding the full-year operating profit, the estimate has been upwardly revised to $0.966 billion - $0.974 billion ($0.834 billion - $0.850 billion). This is the second upward revision of annual profit estimates by Palantir, following the first quarter. CEO Alex Karp stated, "The pace of business expansion is steadily accelerating, and we believe that unprecedented opportunities for further development are imminent."

On August 8, $Microsoft (MSFT.US)$ announced a partnership. They plan to sell AI software for confidential missions to the U.S. defense and intelligence agencies. The AI products both companies aim to sell are a software integrating Palantir's analysis software and Microsoft's defense and intelligence cloud services, incorporating AI tools including Microsoft's subsidiary OpenAI's language model "GPT4". It seems that part of the expectation is to contribute to business growth, including expanding the customer base.

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