Duquesne Exits Micron After 231% Rally, Buys AMD on $6.7 Billion Data Center Growth
Updated
Updated · The Motley Fool · Aug 19
Duquesne Exits Micron After 231% Rally, Buys AMD on $6.7 Billion Data Center Growth
3 articles · Updated · The Motley Fool · Aug 19
Summary
Duquesne Family Office used its Q2 13F to fully sell Micron and open a new AMD position, marking Stanley Druckenmiller’s latest AI-chip rotation.
Micron’s 231% surge in 2026 to a $1 trillion market value likely set up profit-taking, with Druckenmiller appearing to view memory as a more cyclical, capacity-driven AI segment.
AMD offered a different AI bet: Q2 revenue rose 50% to $11.5 billion, while data-center sales more than doubled to $6.7 billion and made up nearly 60% of total revenue.
That shift still comes with valuation risk, as AMD has climbed more than 120% this year and trades at about 63 times forward earnings versus roughly 26 for the broader semiconductor industry.
The move fits a broader Q2 portfolio reshuffle in which Duquesne also cut other chip names and added large positions in Amazon and Alphabet.