Druckenmiller Exits $120M Alphabet Stake, Buys Intel and Arm AI Plays

On May 25 2026, filings revealed that Stanley Druckenmiller’s Duquesne Family Office fully exited its roughly $120 million Alphabet position in Q1 2026 after the stock’s forward P/E expanded from under 15x to about 27x. Capital was redeployed into agentic-AI infrastructure, with new stakes of approximately $18 million in Intel (411,000 shares) and $16 million in Arm (106,700 shares). The moves mark a shift from large-cap tech exposure toward CPU and licensing names expected to benefit from growing orchestration and inference workloads, underscoring both profit-taking at elevated valuations and rising investor interest in non-GPU AI enablers.