Druckenmiller loads up on Amazon and AMD while dumping some chipmakers, 13F shows

Stanley Druckenmiller’s Duquesne Family Office sharply rotated its portfolio in the latest quarter, signaling stronger conviction in mega-cap tech and AI infrastructure. The firm boosted Amazon exposure by more than 1,000% to 541,600 shares and increased call options, while also initiating a new 72,900-share position in AMD. At the same time, it exited Broadcom, Intel, and Micron, and cut Arm and Alcoa materially. The filing also shows new positions in Alphabet, Meta, Tesla, Fox, Delta Air Lines, Bitdeer, and Riot Platforms, alongside a larger stake in United Airlines. Market-wise, the filing underscores a shift away from some legacy chipmakers toward select AI, cloud, internet, and data-center plays, while highlighting renewed interest in travel and media. The news may be seen as supportive for AMZN and AMD sentiment, but negative for the sold semiconductor names.