Stanley Druckenmiller says Nvidia is worth holding for the next few years

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Stanley Druckenmiller says Nvidia is worth holding for the next few years
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Stanley Druckenmiller says Nvidia stock is worth holding for the next few years amid AI bullishness

for at least the near future as the chipmaker is exposed to an artificial intelligence trend could be as"transformative as the internet."

His bullishness comes as other investors have called Nvidia overvalued after it briefly soared to a market cap of $1 trillion last month. Speaking at the Bloomberg Invest conference on Wednesday, the Duquesne Family Office founder said that he'd hold the firm's stock for the next few years. "If [AI is] as big as I think it is, Nvidia is something we're going to want to own for at least two or three years, not for 10 months," he said, adding"And maybe longer."

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