Druckenmiller Bets on AI Builders Amazon and Alphabet as Chip Exits Grow

Stanley Druckenmiller’s Duquesne 2Q 13F shows him exiting five chip/photonics names (Micron, Intel, Broadcom, Lattice Semiconductor, Coherent) while expanding positions in Amazon and Alphabet—the Amazon stake rose to about 541,600 shares plus call options (roughly $239 million) and Alphabet was newly opened at about 336,300 Class A shares (~$120 million). The moves emphasize AI infrastructure demand from the AI builders rather than suppliers, and he also kept core semiconductors like Taiwan Semiconductor and STMicro, underscoring a stay‑in attitude toward chips. Note this is a quarter‑end snapshot, not a forecast.