Duquesne Dumps Intel, Micron and Adds $53 Million Tesla Bet, Boosts Amazon 10-Fold
Updated
Updated · The Motley Fool · Aug 20
Duquesne Dumps Intel, Micron and Adds $53 Million Tesla Bet, Boosts Amazon 10-Fold
3 articles · Updated · The Motley Fool · Aug 20
Summary
Duquesne Family Office used Q2 to exit Intel and Micron, then rotate into robotics-linked AI names by buying Tesla call options with nearly $53 million in notional value and sharply expanding Amazon.
Micron and Intel had already surged—Micron on AI memory demand and Intel on its CPU comeback—so the sales appear tied to profit-taking, pulled-forward expectations and broader market uncertainty.
Amazon became 2.5% of the portfolio after a tenfold increase, backed by AWS revenue growth of 37% in Q2 and the company’s deployment of more than 1 million robots across operations.
Tesla remains an EV business, but Duquesne’s bet targets robotaxis and Optimus humanoids as the company commits more than $25 billion in 2026 capex despite a slow rollout warning from Elon Musk.
The moves extend a broader Q2 reshuffle disclosed in Duquesne’s 13F filing, showing Druckenmiller leaning away from chip winners and toward AI platforms and automation beneficiaries.