Hedge fund giant Stanley Druckenmiller has significantly reduced his holdings in Nvidia in March

Hedge fund giant and billionaire investor Stanley Druckenmiller said he had significantly cut his bets on chipmaker Nvidia in late March this year and significantly reduced his holdings of Nvidia shares because he felt that the rapid boom in artificial intelligence might be a bit overheated in the short term. Druckenmiller said in an interview: "We did cut Nvidia and many other positions in late March. We just needed a break. We have achieved a lot. Many of the things we recognized are now recognized by the market. We reduced our bets after Nvidia's stock price rose from $150 to $900. But in the long run, we are still optimistic about the power of artificial intelligence. (CNBC)