<p>你可能没有意识到，但华尔街本季度最重要的数据发布之一在不到一周前就发生了。</p>
<p>在一个季度结束后的 45 个日历日内，管理至少 1 亿美元的机构投资者必须向证券交易委员会提交 13F 表格。13F 为投资者提供了一个深入了解华尔街顶级资金经理在最新季度买卖哪些股票的机会。5 月 15 日是第一季度交易活动的 13F 提交截止日期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>虽然沃伦·巴菲特往往是最受关注的资产管理者，但他并不是唯一一个带来超额回报的亿万富翁投资者。例如，投资者也倾向于密切关注亿万富翁斯坦利·德鲁肯米勒，他在杜克斯尼家族办公室管理着超过 30 亿美元的资产。</p>
<p>尽管德鲁肯米勒的投资策略通常涉及各种资产类别的多头和空头头寸，但他在人工智能（AI）革命中的投资方式引起了人们的关注。</p>
<p>在不到两年的时间里，德鲁肯米勒已经监督了华尔街两只最热门的 AI 股票的处置，并选择在另一家行业巨头身上加大投资。</p>
<h2>斯坦利·德鲁肯米勒将英伟达和 Palantir 送上了 chopping block</h2>
<p>虽然数十家公司从 AI 的发展中受益，但没有哪两只人工智能股票比图形处理单元（GPU）巨头 <strong>英伟达</strong>(NVDA -0.99%) 和数据挖掘专家 <strong>Palantir Technologies</strong>(PLTR -0.65%) 更能代表这一运动。自 2023 年开始以来，英伟达和 Palantir 的股价分别飙升了 827% 和 1920%。</p>
<p>英伟达的吸引力在于其在当前部署于 AI 加速数据中心的 GPU 市场几乎垄断的份额。该公司的 Hopper (H100) 和下一代 Blackwell 芯片在计算能力上明显优于竞争对手。这反过来又使得英伟达拥有了更强的定价能力。</p>
<p>与此同时，Palantir 的 AI 驱动软件即服务 Gotham 和 Foundry 平台表现出色。特别是，其以政府为重点的 Gotham 平台与美国政府及其直接盟友签订了多项多年合同。Gotham 帮助 Palantir 维持了 25% 以上的销售增长率，并推动公司实现了持续盈利。</p>
<p>尽管如此，亿万富翁斯坦利·德鲁肯米勒还是告别了这两只股票。考虑到英伟达在 2024 年 6 月的历史性 10 比 1 股票拆分，杜克斯尼家族办公室在 2023 年 6 月 30 日至 2024 年 6 月 30 日期间抛售了所有 9,500,750 股英伟达股票。至于 Palantir，德鲁肯米勒的基金在 2024 年 3 月 31 日至 2025 年 3 月 31 日期间抛售了所有 769,965 股。</p>
<p>尽管这些销售完全可能只是简单的获利了结，但还有其他因素可能在起作用。</p>
<p>关于英伟达，有一个非常实际的担忧是竞争的增加。具体来说，许多按净销售额计算的英伟达最大客户正在开发用于其数据中心的 AI-GPU 和解决方案。虽然这些内部开发的硬件不太可能与英伟达的 Hopper 或 Blackwell 的计算潜力相匹敌，但它们将显著便宜且更易获得。英伟达的毛利率下降证明了其定价能力的减弱。</p>
<p>还有一个风险是 AI 泡沫可能会形成并破裂。过去三十多年来，每一种下一个重大技术都经历过早期阶段的泡沫。由于其财政第四季度超过 90% 的收入来自数据中心业务，如果 AI 泡沫破裂，英伟达的股票将面临重大困境。</p>
<p>得益于 Palantir 的多年政府合同和其基于订阅的 Foundry 模型，它不会遭受与英伟达相同的命运。然而，在泡沫期间的糟糕情绪将对 Palantir 造成压力，因为其估值溢价过高。</p>
<p>在过去 12 个月的基础上，Palantir 的市销率（P/S）高达 103！在过去三十年中，曾处于颠覆性创新前沿的公司通常在市销率达到 30 到 40 后就会下跌。没有一家大型公司能够在较长时间内维持如此过高的估值溢价，Palantir 也不太可能成为历史的例外。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvc2VtaWNvbmR1Y3Rvci1jaGlwLWVxdWlwbWVudC01Zy1lbGVjdHJvbmljcy1mYWItd2FmZXItbWFudWZhY3R1cmluZy1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvc2VtaWNvbmR1Y3Rvci1jaGlwLWVxdWlwbWVudC01Zy1lbGVjdHJvbmljcy1mYWItd2FmZXItbWFudWZhY3R1cmluZy1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>杜克斯尼家族办公室的首席投资官将这只万亿级 AI 股票作为前十大持股</h2>
<p>但当斯坦利·德鲁肯米勒将英伟达和 Palantir Technologies 送上 chopping block 时，他却在加大对另一家关键 AI 参与者的投资：全球领先的芯片制造公司 <strong>台积电</strong>(TSM -0.10%)，也被称为 “TSMC”。</p>
<p>在截至 3 月的季度中，德鲁肯米勒购买了 491,265 股台积电，使其基金的持股增加了 457%，将这家万亿级芯片巨头提升至杜克斯尼家族办公室按市值计算的第九大持股。</p>
<p>台积电在生产部署于 AI 加速数据中心的芯片中发挥着不可或缺的作用。它目前正在快速扩展其芯片 - 晶圆 - 基板（CoWoS）产能，从 2024 年的每月 35,000 个单位预计到 2026 年达到 135,000 个单位。CoWoS 是一种包装高带宽内存所需的技术，以满足 AI 加速数据中心中观察到的高传输速率。</p>
<p>目前，这一部分 AI 芯片的需求主要来自英伟达。然而，无论是哪家公司需要其服务，台积电都能从中受益。<strong>超微半导体</strong> 和 <strong>博通</strong> 也在加大 AI 芯片的生产，并依赖台积电来实现这一目标。</p>
<p>使台积电能够逃避潜在 AI 泡沫破裂事件冲击的原因在于，它的业务远不止于 AI 芯片。台湾半导体生产的芯片和组件不仅用于智能手机、无线互联网连接设备和下一代汽车，还用于数据中心。例如，台积电是 <strong>苹果</strong> 在其 iPhone 中使用的处理器的主要制造商。这种业务多样性并没有将台积电仅仅绑定于 AI 革命。</p>
<p>另一方面，关税对台湾半导体仍然是一个灰色地带。尽管特朗普总统在 4 月 9 日暂停了更高的 “相互关税” 90 天，但尚不清楚台积电是否能长期逃避关税，以及这对其运营利润率意味着什么。虽然台积电在亚利桑那州有一座全新的制造设施，但其大部分高性能计算芯片仍在台湾生产。</p>
<p>此外，质疑台湾半导体是否被充分估值也是合理的。尽管其前瞻市盈率为 18 看起来相当合理，但其股票的估值超过了过去 12 个月销售额的 10 倍，这比过去五年的平均市销率高出约 16%。</p>

台积电

<p>亿万富翁投资者斯坦利·德鲁肯米勒已出售了所有的英伟达和帕兰提尔股票，这两只都是领先的人工智能股票，同时大幅增加了对台积电的投资。德鲁肯米勒的杜克斯家族办公室处置了 950 万股英伟达和 769,965 股帕兰提尔，理由是对竞争和潜在的人工智能市场波动的担忧。相反，他收购了 491,265 股台积电，将其在投资组合中的地位提升至第九大，反映出他在向与人工智能芯片生产密切相关的公司进行战略转变</p>

<p>You might not realize it, but one of Wall Street's most important data releases of the quarter occurred less than a week ago.</p>
<div class="lb-trans"><p>你可能没有意识到，但华尔街本季度最重要的数据发布之一在不到一周前就发生了。</p>
</div><p>No later than 45 calendar days following the end to a quarter, institutional investors who are managing at least $100 million are required to file Form 13F with the Securities and Exchange Commission. A 13F offers investors an under-the-hood look at which stocks Wall Street's top money managers bought and sold in the latest quarter. May 15 was the 13F filing deadline for first-quarter trading activity.</p>
<div class="lb-trans"><p>在一个季度结束后的 45 个日历日内，管理至少 1 亿美元的机构投资者必须向证券交易委员会提交 13F 表格。13F 为投资者提供了一个深入了解华尔街顶级资金经理在最新季度买卖哪些股票的机会。5 月 15 日是第一季度交易活动的 13F 提交截止日期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F818710%2Fmoney-manager-stock-chart-reflection-glasses-laptop-buy-sell-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>While Warren Buffett tends to be the most-tracked asset manager, he's far from the only billionaire investor who's delivered outsized returns. For instance, investors tend to also keep close tabs on billionaire Stanley Druckenmiller, who manages more than $3 billion in assets at Duquesne Family Office.</p>
<div class="lb-trans"><p>虽然沃伦·巴菲特往往是最受关注的资产管理者，但他并不是唯一一个带来超额回报的亿万富翁投资者。例如，投资者也倾向于密切关注亿万富翁斯坦利·德鲁肯米勒，他在杜克斯尼家族办公室管理着超过 30 亿美元的资产。</p>
</div><p>Though Druckenmiller's investing strategy often involves long and short positions across various asset classes, it's his approach to investing in the artificial intelligence (AI) revolution that's raising eyebrows.</p>
<div class="lb-trans"><p>尽管德鲁肯米勒的投资策略通常涉及各种资产类别的多头和空头头寸，但他在人工智能（AI）革命中的投资方式引起了人们的关注。</p>
</div><p>In less than two years, Druckenmiller has overseen the disposition of Wall Street's two hottest AI stocks and has chosen to load up his fund in another industry giant.</p>
<div class="lb-trans"><p>在不到两年的时间里，德鲁肯米勒已经监督了华尔街两只最热门的 AI 股票的处置，并选择在另一家行业巨头身上加大投资。</p>
</div><h2>Stanley Druckenmiller sent Nvidia and Palantir to the chopping block</h2>
<div class="lb-trans"><h2>斯坦利·德鲁肯米勒将英伟达和 Palantir 送上了 chopping block</h2>
</div><p>While dozens of companies have benefited from the evolution of AI, no two artificial intelligence stocks have been the face of the movement more than graphics processing unit (GPU) titan <strong>Nvidia</strong>(NVDA -0.99%) and data-mining specialist <strong>Palantir Technologies</strong>(PLTR -0.65%). Since 2023 began, shares of Nvidia and Palantir have rocketed higher by 827% and 1,920%, respectively.</p>
<div class="lb-trans"><p>虽然数十家公司从 AI 的发展中受益，但没有哪两只人工智能股票比图形处理单元（GPU）巨头 <strong>英伟达</strong>(NVDA -0.99%) 和数据挖掘专家 <strong>Palantir Technologies</strong>(PLTR -0.65%) 更能代表这一运动。自 2023 年开始以来，英伟达和 Palantir 的股价分别飙升了 827% 和 1920%。</p>
</div><p>The lure of Nvidia has been its near-monopoly like share of the GPUs currently deployed in AI-accelerated data centers. The company's Hopper (H100) and next-generation Blackwell chips offer a clear compute advantage over rivals. In turn, this has led to superior pricing power for Nvidia.</p>
<div class="lb-trans"><p>英伟达的吸引力在于其在当前部署于 AI 加速数据中心的 GPU 市场几乎垄断的份额。该公司的 Hopper (H100) 和下一代 Blackwell 芯片在计算能力上明显优于竞争对手。这反过来又使得英伟达拥有了更强的定价能力。</p>
</div><p>Meanwhile, Palantir's AI-driven software-as-a-service Gotham and Foundry platforms have shined. In particular, its government-focused Gotham platform has landed numerous multiyear contracts with the U.S. government and its immediate allies. Gotham has helped Palantir sustain a 25%+ sales growth rate and pushed the company to recurring profitability.</p>
<div class="lb-trans"><p>与此同时，Palantir 的 AI 驱动软件即服务 Gotham 和 Foundry 平台表现出色。特别是，其以政府为重点的 Gotham 平台与美国政府及其直接盟友签订了多项多年合同。Gotham 帮助 Palantir 维持了 25% 以上的销售增长率，并推动公司实现了持续盈利。</p>
</div><p>Despite all this, billionaire Stanley Druckenmiller has bid adieu to both stocks. Accounting for Nvidia's historic 10-for-1 stock split in June 2024, Duquesne Family Office dumped all 9,500,750 shares of Nvidia between June 30, 2023 and June 30, 2024. As for Palantir, Druckenmiller's fund shed all 769,965 shares from March 31, 2024 to March 31, 2025.</p>
<div class="lb-trans"><p>尽管如此，亿万富翁斯坦利·德鲁肯米勒还是告别了这两只股票。考虑到英伟达在 2024 年 6 月的历史性 10 比 1 股票拆分，杜克斯尼家族办公室在 2023 年 6 月 30 日至 2024 年 6 月 30 日期间抛售了所有 9,500,750 股英伟达股票。至于 Palantir，德鲁肯米勒的基金在 2024 年 3 月 31 日至 2025 年 3 月 31 日期间抛售了所有 769,965 股。</p>
</div><p>Though it's entirely possible these sales represent nothing more than simple profit-taking, there are other factors that may be at work.</p>
<div class="lb-trans"><p>尽管这些销售完全可能只是简单的获利了结，但还有其他因素可能在起作用。</p>
</div><p>With regard to Nvidia, there's the very tangible worry about an increase in competition. Specifically, many of Nvidia's largest customers by net sales are developing AI-GPUs and solutions to use in their data centers. While this internally developed hardware is unlikely to match the compute potential of Nvidia's Hopper or Blackwell, it'll be notably cheaper and more readily available. Nvidia's declining gross margin provides evidence that its superior pricing power has begun waning.</p>
<div class="lb-trans"><p>关于英伟达，有一个非常实际的担忧是竞争的增加。具体来说，许多按净销售额计算的英伟达最大客户正在开发用于其数据中心的 AI-GPU 和解决方案。虽然这些内部开发的硬件不太可能与英伟达的 Hopper 或 Blackwell 的计算潜力相匹敌，但它们将显著便宜且更易获得。英伟达的毛利率下降证明了其定价能力的减弱。</p>
</div><p>There's also the risk that an AI bubble will form and burst. Every next-big-thing technology dating back more than three decades has endured an early stage bubble. With over 90% of its fiscal fourth-quarter revenue coming from its data center segment, Nvidia stock would be in big trouble if the AI bubble bursts.</p>
<div class="lb-trans"><p>还有一个风险是 AI 泡沫可能会形成并破裂。过去三十多年来，每一种下一个重大技术都经历过早期阶段的泡沫。由于其财政第四季度超过 90% 的收入来自数据中心业务，如果 AI 泡沫破裂，英伟达的股票将面临重大困境。</p>
</div><p>Thanks to Palantir's multiyear government contracts and its subscription-driven model with Foundry, it wouldn't suffer the same fate as Nvidia. Nevertheless, poor sentiment during a bubble would weigh on Palantir because of its outsized valuation premium.</p>
<div class="lb-trans"><p>得益于 Palantir 的多年政府合同和其基于订阅的 Foundry 模型，它不会遭受与英伟达相同的命运。然而，在泡沫期间的糟糕情绪将对 Palantir 造成压力，因为其估值溢价过高。</p>
</div><p>On a trailing-12-month basis, Palantir is commanding a price-to-sales (P/S) ratio of 103! Previous companies that have been on the leading edge of game-changing innovations over the last three decades typically topped out at P/S ratios of 30 to 40 before tumbling. No megacap company has ever been able to sustain this excessive of a valuation premium over an extended period, and it's unlikely that Palantir is the exception to history.</p>
<div class="lb-trans"><p>在过去 12 个月的基础上，Palantir 的市销率（P/S）高达 103！在过去三十年中，曾处于颠覆性创新前沿的公司通常在市销率达到 30 到 40 后就会下跌。没有一家大型公司能够在较长时间内维持如此过高的估值溢价，Palantir 也不太可能成为历史的例外。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTg3MTAvc2VtaWNvbmR1Y3Rvci1jaGlwLWVxdWlwbWVudC01Zy1lbGVjdHJvbmljcy1mYWItd2FmZXItbWFudWZhY3R1cmluZy1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F818710%2Fsemiconductor-chip-equipment-5g-electronics-fab-wafer-manufacturing-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Duquesne Family Office's chief has made this trillion-dollar AI stock a top-10 holding</h2>
<div class="lb-trans"><h2>杜克斯尼家族办公室的首席投资官将这只万亿级 AI 股票作为前十大持股</h2>
</div><p>But while Stanley Druckenmiller was sending Nvidia and Palantir Technologies to the chopping block, he was building up his stake in another key AI player: world-leading chip fabrication company <strong>Taiwan Semiconductor Manufacturing</strong>(TSM -0.10%), which is also known as &#34;TSMC.&#34;</p>
<div class="lb-trans"><p>但当斯坦利·德鲁肯米勒将英伟达和 Palantir Technologies 送上 chopping block 时，他却在加大对另一家关键 AI 参与者的投资：全球领先的芯片制造公司 <strong>台积电</strong>(TSM -0.10%)，也被称为 “TSMC”。</p>
</div><p>During the March-ended quarter, Druckenmiller purchased 491,265 shares of Taiwan Semi, which increased his fund's stake by 457% from the end of December and lifted this trillion-dollar chip giant to Duquesne Family Office's ninth-largest position by market value.</p>
<div class="lb-trans"><p>在截至 3 月的季度中，德鲁肯米勒购买了 491,265 股台积电，使其基金的持股增加了 457%，将这家万亿级芯片巨头提升至杜克斯尼家族办公室按市值计算的第九大持股。</p>
</div><p>Taiwan Semiconductor Manufacturing plays an integral role in the production of chips being deployed in AI-accelerated data centers. It's currently in the process of rapidly expanding its chip-on-wafer-on-substrate (CoWoS) capacity from 35,000 monthly units in 2024 to an expected 135,000 units come 2026. CoWoS is a technology that's necessary for packaging the high-bandwidth memory needed for the high transfer rates observed in AI-accelerated data centers.</p>
<div class="lb-trans"><p>台积电在生产部署于 AI 加速数据中心的芯片中发挥着不可或缺的作用。它目前正在快速扩展其芯片 - 晶圆 - 基板（CoWoS）产能，从 2024 年的每月 35,000 个单位预计到 2026 年达到 135,000 个单位。CoWoS 是一种包装高带宽内存所需的技术，以满足 AI 加速数据中心中观察到的高传输速率。</p>
</div><p>For the moment, a good portion of this AI chip demand is coming from Nvidia. However, TSMC can benefit regardless of the company that needs its services. <strong>Advanced Micro Devices</strong> and <strong>Broadcom</strong> are also ramping their AI-chip production and leaning on TSMC to do so.</p>
<div class="lb-trans"><p>目前，这一部分 AI 芯片的需求主要来自英伟达。然而，无论是哪家公司需要其服务，台积电都能从中受益。<strong>超微半导体</strong> 和 <strong>博通</strong> 也在加大 AI 芯片的生产，并依赖台积电来实现这一目标。</p>
</div><p>What might allow TSMC to escape the brunt of a potential AI bubble-bursting event is that it handles far more than just AI chips. The chips and components Taiwan Semi produces are found in smartphones, wireless internet-connected devices, and next-generation vehicles, in addition to data centers. For instance, TSMC is the primary manufacturer of the processors <strong>Apple</strong> uses in its iPhone. This diversity of operation doesn't tie TSMC solely to the AI revolution.</p>
<div class="lb-trans"><p>使台积电能够逃避潜在 AI 泡沫破裂事件冲击的原因在于，它的业务远不止于 AI 芯片。台湾半导体生产的芯片和组件不仅用于智能手机、无线互联网连接设备和下一代汽车，还用于数据中心。例如，台积电是 <strong>苹果</strong> 在其 iPhone 中使用的处理器的主要制造商。这种业务多样性并没有将台积电仅仅绑定于 AI 革命。</p>
</div><p>On the other hand, tariffs remain something of a gray area for Taiwan Semiconductor. Despite President Trump pausing higher &#34;reciprocal tariffs&#34; for 90 days on April 9, it's not yet clear is TSMC will escape tariffs over the long run, and what this might mean for its operating margin. While TSMC does have a brand-new fabrication facility in Arizona, the bulk of its high-compute chips are still made in Taiwan.</p>
<div class="lb-trans"><p>另一方面，关税对台湾半导体仍然是一个灰色地带。尽管特朗普总统在 4 月 9 日暂停了更高的 “相互关税” 90 天，但尚不清楚台积电是否能长期逃避关税，以及这对其运营利润率意味着什么。虽然台积电在亚利桑那州有一座全新的制造设施，但其大部分高性能计算芯片仍在台湾生产。</p>
</div><p>Additionally, it's fair to question if Taiwan Semi is fully valued. Though its forward price-to-earnings ratio of 18 looks perfectly reasonable, its shares are valued at more than 10 times trailing-12-month sales, which is about a 16% premium to its average P/S multiple over the last five years.</p>
<div class="lb-trans"><p>此外，质疑台湾半导体是否被充分估值也是合理的。尽管其前瞻市盈率为 18 看起来相当合理，但其股票的估值超过了过去 12 个月销售额的 10 倍，这比过去五年的平均市销率高出约 16%。</p>
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Billionaire Stanley Druckenmiller Dumped Shares of Nvidia and Palantir and Is Loading Up on His New Favorite Artificial Intelligence (AI) Stock

- 机构投资者需在季度结束后 45 天内提交 13F 表格，披露股票交易情况。  
- 斯坦利·德鲁肯米勒出售了 Nvidia 和 Palantir 的股份，转而增持台积电。  
- 台积电在 AI 芯片生产中扮演重要角色，且业务多元化降低了风险。

亿万富翁斯坦利·德鲁肯米勒抛售了英伟达和 Palantir 的股票，并正在增持他的新宠人工智能（AI）股票