Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms. Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms.

Billionaire Stanley Druckenmiller Pours $101,000,000 Into Stock Recommended by Bank of America, Citi, Morgan Stanley and Barclays

Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms.

A new 13F filing from Druckenmiller’s Duquesne Family Office reveals the firm bought 4,619 shares of MercadoLibre (MELI) in Q3 2025.

The purchase amounts to about $11.09 million and continues a buying spree that began in Q2 2024 amounting to about $101 million and 58,344 shares.

MercadoLibre is Latin America’s leading e-commerce and fintech platform, trading on the Nasdaq.

The stock is priced at $1,998 at time of publishing, up 0.16% in the last 24 hours.

MELI has drawn strong overall analyst support, with Citi maintaining a buy rating with a $2,500 target on November 26th, while Morgan Stanley upheld Overweight with a $2,950 target on November 3rd.

Barclays is also keeping Overweight and raised its target to $2,900 on October 30th.

Bank of America issued a buy rating with a $3,000 target in June, while America’s biggest bank, JPMorgan Chase, is maintaining a hold on MELI with a $2,650 target.

Druckenmiller, a legendary investor known for managing George Soros’s Quantum Fund, oversees a $4.06 billion portfolio.

MELI now represents 3.4% of it, valued at $136.35 million, in a move aligning with Druckenmiller’s focus on high-growth tech plays.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Billionaire Stanley Druckenmiller Pours $101,000,000 Into Stock Recommended by Bank of America, Citi, Morgan Stanley and Barclays appeared first on The Daily Hodl.

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.04953
$0.04953$0.04953
-3.91%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns

Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns

The post Coinbase Data Breach Fallout: Former Employee Arrest in India Over Customer Data Case Raises Bitcoin Security Concerns appeared on BitcoinEthereumNews.
Share
BitcoinEthereumNews2025/12/27 10:36
Burmese war amputees get free 3D-printed prostheses, thanks to Thailand-based group

Burmese war amputees get free 3D-printed prostheses, thanks to Thailand-based group

PROSTHETIC FEET. Silicon foot covers fitted with metal rods found in the prosthetic production unit in Mae Tao Clinic. A good prosthetic foot must absorb impact
Share
Rappler2025/12/27 10:00
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37