Stanley Druckenmiller: AI might be a little over-hyped now, but under-hyped long term

Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.

[@NicolaPellegrini546]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[@JeganBedpal]

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[@victoriaabott]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[@nosecretsfishing3661]

He bought Nvidia after telling everyone a recession was coming.

[@johannabrain3623]

Any specific guide. I'm from Australia how do I go about this? I think I'm interested how can I get in touch with mrs Rose Carlos?

[@markpantoja2797]

The only perplexity is the speed at which this guy doesn't talk

[@Bob-pg4gi]

By the time you hear about a stock on TV, it is time to sell, not buy. Do the opposite of whatever it is it seems like they want you to do.

[@mikehundt4263]

How convenient, he’s pumping the startup he owns

[@MARKXHWANG]

so many big fund manager annouce they cut nvidia holding at 350$, 480$, 750$, 850%. who do you look now

[@StayBlessed69]

Agreed

[@DJaquithFL]

Try perplexity because I'm investing in it after I made a big long-term mistake of selling Nvidia. 😂

[@sinanb.5483]

Grandpa Druckenmiller explaining the world ...

[@Trossard312]

who is his young partner?

[@samuelwilliams7331]

Megatrend but only holding for 2 or 3 years.

[@HardKore5250]

So if AI fails what is the next technology? Claytronics or quantum computing?

[@Slide61]

We will see on AI. With it being embedded into search engines for free it will be interesting to see if the averag joe needs it more than that. In otherwords will it just complement technology we already have?

[@Ephesians514]

He's an AI robot

[@markpatterson2764]

I love Druckenmiller but why keep refering to his 'young partner' instead of just calling him by his name

[@abandy6465]

I love this look for cnbc. Let Joe do the interviews. Sorkin is a waste of money and space. Glad they are letting Joe run things - he’s a gem. This strategy is going to boost cnbc ratings a lot. Great interview.

[@oceansunsetak]

Thanks Stanley, next time you're in town give me a call. 4 years you've been telling us the the government is spending too , heading into a depression. Meanwhile you've been hoarding all those stock profits which were the results of the government spending a lot of money..