Billionaire investor Stanley Druckenmiller believes optimism is returning to markets and is urging investors to buy artificial intelligence (AI) stocks. Speaking to CNBC, Druckenmiller said he sees pro-business momentum under Donald Trump’s administration, with CEOs feeling relieved and giddy.
He believes companies adopting AI to cut costs and boost productivity will outperform. While he didn’t name specific stocks, Druckenmiller last year sold his holdings in Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT)a move he has since regretted. His current portfolio, based on SEC filings, includes Coherent Corp. (NYSE:COHR), Natera (NASDAQ:NTRA), and Coupang (NYSE:CPNG).
Druckenmiller, a former Quantum Fund manager known for his legendary bet against the British pound, downplayed market risks like trade wars and tariffs, calling them overblown compared to the rewards ahead. As AI adoption accelerates, Druckenmiller’s bullish stance signals confidence in the sector’s long-term growth.
This article first appeared on GuruFocus.