Stanley Druckenmiller has sold out of his Nvidia position and purchased shares of Taiwan Semiconductor Manufacturing. The fund also started a new position in Microsoft last quarter.

Nvidia relies on Taiwan Semiconductor Manufacturing to manufacture its advanced computer chips. TSMC’s revenue grew 44.4% year over year to $30 billion last quarter, with an operating margin close to 50%.

Microsoft is investing heavily in cloud computing and AI infrastructure, with Azure revenue growing 34% year over year. The company’s overall revenue grew 17% last quarter, with an operating margin of 45%.

Investors are advised to consider the 10 best stocks identified by the Motley Fool Stock Advisor team, which does not include Nvidia. The team’s total average return is 1,052%, outperforming the S&P 500’s 190%.

Duquesne’s portfolio now includes TSMC and Microsoft, with both stocks showing strong growth potential in the AI market. TSMC is 4.3% of the fund’s portfolio, while Microsoft is a 2.5% position. Both stocks are considered good long-term investments.

Read more at Nasdaq: Billionaire Stanley Druckenmiller Sold 100% of Duquesne’s Stake in Nvidia and Is Piling Into 2 Unstoppable Stocks