Billionaire investor and founder of Duquesne Family Office, Stanley Druckenmiller, said on Wednesday that his decision to sell stocks earlier this year was a "significant mistake". $NVIDIA (NVDA.US)$ The decision to sell stocks earlier this year was a "significant mistake".

At the age of 71, Stanley Druckenmiller's current net worth is around 6.9 billion US dollars, making him one of the richest five hundred people in the world. Previously, as a trusted assistant to George Soros, he managed Soros's Quantum Fund and helped Soros crush the British pound in 1992.

"In my investment career, I have made many mistakes, one of which is selling all nvidia at a price of about $800-950." Druckenmiller said in a media interview.

Druckenmiller's comments do not reflect the 10-to-1 stock split nvidia implemented in June this year. Based on the adjusted post-split price, his selling price should be between $80 and $95.

On Wednesday, nvidia closed at $135.72. The stock surged 239% last year and rose another 174% since the beginning of this year, closing at an all-time high on Monday.

Nvidia has been a major beneficiary of the artificial intelligence boom, selling its graphics processing units (GPU) to top cloud computing companies and major developers of language models.

Earlier this year, Druckenmiller revealed that he reduced the Duquesne Family Office's holdings in nvidia at the end of March, claiming that AI may have been overhyped in the short term.

Taking stock splits into account, the Duke family office held approximately 6.18 million shares of Nvidia at the beginning of the year, held 1.76 million shares at the end of the first quarter, and only held 0.214 million shares at the end of the second quarter. In the third quarter of last year, Nvidia was the number one holding of Duke. At that time, he held 8.75 million shares of Nvidia stock, worth about 0.4 billion US dollars.

If Miller maintains his position in Nvidia, the current value is approximately 1.19 billion US dollars. The Duke family office has not yet disclosed its third-quarter shareholding situation.

"Within a year, Nvidia's stock price has doubled, I think the valuation is very high," Miller said. "Nvidia is a great company, if the stock price drops, we will participate again. But now, I am licking my wounds over the bad sale."

Nvidia is expected to announce quarterly results in November, but most of its top clients, including Meta, Microsoft, Amazon, and Alphabet, will announce their financial results later this month. These financial reports are expected to provide more information on Nvidia's chip sales prospects.

Editor/rice