Billionaire Stanley Druckenmiller Dumped Micron, Intel, and Broadcom: Here Are the AI Infrastructure Stocks He Bought Instead

Key Points:

• Stanley Druckenmiller’s Duquesne Family Office sold all shares of Micron, Intel, and Broadcom in Q2 2026, closing positions of 23,400 Micron, 411,400 Intel, and 195,955 Broadcom shares, signaling a portfolio reshuffle rather than a bearish outlook.
• Duquesne initiated new stakes in Equinix and Lam Research, investing $19.2 million and $18.9 million respectively, reflecting a strategic shift toward data center infrastructure and semiconductor equipment tied to AI growth.
• Equinix, with over 270 data centers globally, reported 16% year-over-year revenue growth and raised its long-term revenue outlook to 10-13% annually through 2029, benefiting from accelerating AI-driven infrastructure demand.
• Lam Research, a key supplier of chipmaking equipment, anticipates strong demand driven by AI, projecting $8.1 billion in Q3 revenue and marking its third consecutive year outperforming wafer fab equipment (WFE) growth.
• The moves highlight a focus on durable, growing income streams from AI infrastructure and equipment rather than direct chipmakers, offering investors diversified exposure to AI capital expenditure through recurring revenues and equipment cycles.