Billionaire Stanley Druckenmiller Just Sold 2 Key AI Stocks. He Bought Broadcom Instead.

With Broadcom (AVGO) back in favor, we look at the latest moves and earnings performance of one of the most popular second layer AI plays in the tech sector following a Q1 opening position by Stanley Druckenmiller’s Duquesne Family Office.

In addition to opening a fresh position in AVGO stock, Duquesne sold down both Alphabet (GOOG) (GOOGL) and Amazon (AMZN) in Q1, suggesting rotation into the pick-and-shovel side of artificial intelligence.

About Broadcom Stock

Broadcom provides custom AI accelerators, networking semiconductors, connectivity, software solutions, and infrastructure services. It has a market capitalization of $1.96 trillion. AVGO stock’s current trading price represents an 82.4% gain from the company’s 52-week low of $231.13 and trading 4.71% below its 52-week high of $442.36.

While valuation metrics certainly have their drawbacks, it is hard not to see that Broadcom stock is priced for performance in today’s market. Trading at 41.81 times forward…