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Stanley Druckenmiller Exits Major Chip Positions as Duquesne Family Office Shifts Toward AI Infrastructure

Stanley Druckenmiller completely exited his positions in Micron Technology and Intel during the second quarter of 2026, according to a recent 13F filing by his firm, the Duquesne Family Office. The move is notable because both companies have seen significant growth, with Micron's stock rising over 300% in the first half of the year and Intel posting a blowout second quarter. While the exit may appear premature to some, it allows the firm to lock in profits from the AI-driven memory and processor markets. Simultaneously, the Duquesne Family Office initiated new stakes in Equinix, Lam Research, Alphabet, and Riot Platforms. This reshuffle suggests a strategic shift toward the physical layer of AI workloads, including data center real estate and equipment. By moving capital into companies like Equinix, which operates over 270 data centers, and Lam Research, which provides essential deposition and etch equipment, the firm is diversifying its exposure to the AI trade beyond single chip manufacturers. This strategy prioritizes recurring revenue and equipment cycles over a single product line's pricing cycle.

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