Stanley Druckenmiller regrets selling Nvidia too early, according to his statement.

• On Wednesday, billionaire investor Stanley Druckenmiller admitted to Bloomberg that selling all his Nvidia stock this year was a "big mistake."
• In 2023, Druckenmiller sold Nvidia, which was his top holding a year prior, after it tripled in value.
• This year, the shares have experienced a 174% increase, but Druckenmiller has largely missed out on the ongoing surge.

On Wednesday, billionaire investor Stanley Druckenmiller admitted that selling out of his investment this year was a "big mistake."

"Druckenmiller admitted in an interview on Bloomberg that he made numerous mistakes in his investment career, including selling all his Nvidia shares, which he believes he did somewhere between $800 and $950. Currently, he owns no Nvidia shares and none at all in the last 400 points."

Nvidia's 10-for-1 stock split, which took effect in June, did not affect Druckenmiller's comments regarding the stock's closing price of $135.72 on Wednesday. On a split-adjusted basis, his sales would have occurred at between $80 and $95.

Nvidia has experienced significant growth in sales of its graphics processing units (GPUs) due to the artificial intelligence boom, with its stock increasing by 239% last year and another 174% in 2024, reaching a new record on Monday.

In March, Druckenmiller disclosed on "Squawk Box" that he reduced his Duquesne Family Office's stake in Nvidia, stating, "our run has been incredible."

At the start of the year, Duquesne owned approximately 6.18 million shares. By the end of the first quarter, he had reduced his holdings to 1.76 million shares. When the second quarter closed, he owned just 214,000 shares. In the third quarter of the previous year, Nvidia was his top holding, with a value of around $400 million.

If he had not released his third-quarter holdings, the stake would currently be worth about $1.19 billion.

"Druckenmiller stated that Nvidia's valuation was rich, despite its tripling in a year. He added that the company is excellent, but he would only get involved again if the price decreased. Currently, he is recovering from a poor sale."

Nvidia is expected to release quarterly results in November, but most of its top customers, including , , and , will report financials earlier this month.

In May, CNBC reported that Druckenmiller stated Nvidia was currently "a little overhyped," but "underhyped long term." He revealed that he was introduced to the company in 2022 and was unfamiliar with its spelling at the time.

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