Billionaire Cuts Investment in Nvidia, Says AI May Be Overhyped
1 min read
Image credit: Josh Edelson / AFP via Getty. Article by Noor Al-Sibai. Futurism: The Byte – May 7, 2024.
Dial It Back
The AI bubble isn’t bursting just yet, but one insightful investor is suspicious it’s overhyped. During an appearance on CNBC‘s Squawk Box, billionaire Stanely Druckenmiller — the founder of the Duquesne Family Office hedge fund — revealed that his firm had cut its investment in the AI chipmaker Nvidia earlier this year. […]
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