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Billionaire Stanley Druckenmiller has been bullish on AI since before ChatGPT launched. He is one of the most closely followed macro investors on Wall Street. He averaged about 30% a year at Duquesne Capital with no losing year, and his 1992 bet against the British pound made more than $1 billion. Druckenmiller's AI Stock Picks Take a Beating The AI trade has taken a turn for the worse since the end of the second quarter. Nine of Stanley Druckenmiller's 10 AI stock picks on this list have declined since June 30, with the stocks losing an average of 27.8% on an equal-weight basis through November 9, compared with a gain of about 0.8% for the SPDR S&P 500 ETF Trust (SPY). We have included each stock's performance since June 30 in the list below.
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