By Trevor Jennewine
Publication Date: 2026-01-17 00:00:00
Key Points
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Stanley Druckenmiller sold Broadcom and bought Sandisk in the third quarter, exchanging one semiconductor company for another.
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Broadcom is the market leader in Ethernet networking chips and custom AI accelerators, and the stock looks cheap compared to forward earnings estimates.
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Sandisk is gaining market share in NAND flash memory, but the stock looks expensive.
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Billionaire Stanley Druckenmiller ran Duquesne Capital between 1981 and 2010. The hedge fund returned 30% annually without a single down year during that period, which qualifies him as one of the most successful money managers in history. Druckenmiller does not take clients anymore, but he still manages his own wealth through Duquesne Family Office.
In the third quarter, Druckenmiller sold his position in semiconductor company Broadcom (NASDAQ: AVGO) and started a position in flash memory maker Sandisk (NASDAQ: SNDK), a stock that has added 1,050% since…