Druckenmiller, Loeb Dump Broadcom and Buy Alphabet as Cloud Revenue Jumps 82%
Updated
Updated · The Motley Fool · Aug 23
Druckenmiller, Loeb Dump Broadcom and Buy Alphabet as Cloud Revenue Jumps 82%
2 articles · Updated · The Motley Fool · Aug 23
Summary
Latest 13F filings show Stanley Druckenmiller and Dan Loeb fully exited Broadcom while building positions in Alphabet, signaling a shared shift in AI exposure.
Alphabet appears to offer the stronger risk-reward trade because it controls more of the AI stack—TPUs, data centers, models and distribution through Search, YouTube, Android and Workspace.
Broadcom remains a key AI infrastructure supplier, but its valuation still embeds high expectations as Nvidia and AMD add competitive pressure and data-center capex cycles risk cooling.
Alphabet’s recent results support the thesis: second-quarter revenue rose 24% to $119.8 billion, Google Cloud surged 82% to $24.8 billion, and cloud backlog reached $514 billion.
The rotation suggests some top investors see the next AI leg favoring platform companies that monetize infrastructure, models and applications together rather than chip suppliers alone.