Duquesne Family Office's chief is cashing in his chips on two leading artificial intelligence (AI) stocks in favor of a drugmaker whose shares are up by 112% for the year.

Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.

Palantir delivered an encouraging financial performance in the third quarter. Its customer count increased 39% to 629, and the average existing customer spent 18% more. In turn, revenue jumped 30% to $726 million, the fifth straight sequential acceleration. Meanwhile, non-GAAP earnings soared 42% to $0.10 per diluted share.

With its stock up 2,500% in the past five years, it's perhaps not surprising that investors are looking for the next Nvidia (NASDAQ: NVDA). The company has been the biggest winner from the artificial intelligence (AI) boom and as a result has become one of the largest companies in the world.

Shares of both Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) have delivered stunning gains this year thanks to the growing demand for both artificial intelligence (AI) hardware and software,

Palantir Technologies stock (NASDAQ: PLTR) remains up by over 4x since the beginning of the year, trading at about $74 per share.

Palantir's stock has surged without any selling pauses, raising concerns about a potential sharp pullback. Explore more details here.

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With the advent of artificial intelligence (AI), shares of Palantir Technologies Inc. PLTR and NVIDIA Corporation NVDA have witnessed parabolic gains, making them popular investments on Wall Street.

Druckenmiller's Duquesne Family Office sold Nvidia and Palantir stocks while increasing stake in Teva Pharmaceutical, signaling a shift in investment focus.

Another reason the AI bubble can burst in 2025 is due to the expected resolution of GPU scarcity that's sent Nvidia's stock into the stratosphere.

Another reason the AI bubble can burst in 2025 is due to the expected resolution of GPU scarcity that's sent Nvidia's stock into the stratosphere.