Billionaire profits settled! In the third quarter, many sold their Nvidia (NVDA.US) stocks.

Billionaire Stanley Druckenmiller's family office, Duquesne Family Office, led the trend among global wealthy investment firms in the last quarter by reducing investments in the field of artificial intelligence, which is considered one of the hottest trends this year. According to its 13F filing, as of September 30th, Druckenmiller's Duquesne Family Office reduced its investment in NVIDIA (NVDA.US), marking the first time this year that the company has decreased its stake in the AI-driven enterprise. During the same period, George Soros' family office and a branch of Stonehage Fleming, a family office firm, also sold NVIDIA stocks. NVIDIA's stock price has surged nearly 240% this year, making it the best-performing stock in the S&P 500 index. As a representative of AI computing, NVIDIA has gained fame due to its processors being favored by data center operators to meet the demand for tools like chatbots and Siasun Robot&Automation. This has made NVIDIA the first chip manufacturer with a market cap of $1 trillion. However, NVIDIA is also facing challenges as geopolitical factors have affected its sales in China. In the third quarter, Druckenmiller sold around 75,000 shares of NVIDIA stock, valued at approximately $37.2 million. As of September 30th, NVIDIA remains one of the largest investments for Druckenmiller's family office. Druckenmiller had previously mentioned at this year's Bloomberg Investment Conference that AI could have the same level of innovativeness as the internet. He believed that if his view on AI is correct, he might hold onto NVIDIA for two to three years or even longer. Meanwhile, Soros Fund Management exited its investment in NVIDIA in the third quarter, selling stocks worth $4.9 million. According to the Bloomberg Billionaires Index, Druckenmiller and Soros have a net worth of $9.9 billion and $7.2 billion, respectively. NVIDIA closed down 1.55% at $488.88 on Wednesday.