Stanley Druckenmiller is one of the most-watched money managers on Wall Street, and his Duquesne Family Office Q1 2026 13F filing just landed.
The headline number is brutal for Alphabet bulls. Duquesne sold all 385,000 shares of Alphabet (GOOGL) Class A stock during the quarter. That same stake had been aggressively built up just one quarter earlier, from roughly 102,000 shares to 385,000.
Amazon got the same treatment. Duquesne cut its Amazon (AMZN) position from 737,940 shares down to just 9,539 shares, a 99% reduction.
Where did the money go? Mostly into Broadcom (AVGO), the AI custom silicon maker that has quietly become one of the most important chip suppliers in the AI build-out behind Nvidia.
Druckenmiller opened a fresh 195,955-share Broadcom stake, alongside smaller new bets in cancer-diagnostics player Caris Life Sciences (1.89 million shares) and clinical-stage drug developer Revolution Medicines (315,860 shares), according to CoinCentral’s filing breakdown.
This matters because Druckenmiller has publicly admitted that selling Nvidia between $800 and $950 pre-split was the biggest mistake of his career. The Broadcom buy looks like a deliberate attempt not to repeat it.
Why Broadcom is the AI chip stock smart money keeps gravitating to
Most retail investors still think of Nvidia (NVDA) when they hear “AI chips.” But Broadcom designs the custom AI accelerators (called XPUs or ASICs) that the world’s biggest tech companies use when they want to stop paying Nvidia’s premium.
Application-specific integrated circuits, or ASICs, are chips built for one workload only. They are cheaper and more power-efficient than general-purpose GPUs for the specific job they are designed to do.
Broadcom’s customer list now includes Google, Meta, ByteDance, Anthropic, Fujitsu, and OpenAI, per Investing.com’s research note. Two more hyperscalers remain unnamed.
The numbers behind the AI revenue surge:
- $73 billion AI backlog, with CEO Hock Tan citing “line of sight” to over $100 billion in annual AI chip revenue by 2027
- Q1 FY2026 revenue of $19.31 billion, up 29% year over year, per Broadcom’s earnings release
- AI semiconductor revenue of $8.4 billion in Q1, up 106% year over year
- Q2 guidance of $22 billion total revenue with $10.7 billion in AI sales, up 140% year over year
For Anthropic alone, Broadcom is delivering 1 gigawatt of TPU compute capacity in 2026, scaling to more than 3 gigawatts in 2027.
How Broadcom stock stacks up against the market
Broadcom closed at $425.19 on May 15, the same day Druckenmiller’s 13F dropped. The stock now sits within striking distance of its 52-week high of $442.36, according to WallStreetZen.