The Billionaire Who Sold Nvidia Too Early Just Bought 196,000 Shares of Broadcom -- Here's the Thesis Behind the Rotation

Stanley Druckenmiller, who sold his entire Nvidia position in mid-2024 at $73.50 per share (now trading at $190), has initiated a new position in Broadcom by purchasing 196,000 shares at an average price of $330. Unlike Nvidia's general-purpose GPUs, Broadcom produces custom AI inference chips for major tech companies. Broadcom's AI chip sales surged 65% to $20 billion in fiscal 2025 and are expected to exceed $100 billion by fiscal 2027, with analysts projecting revenue to more than triple by fiscal 2028.