Druckenmiller buying $BIDU seems pretty peculiar for him specifically. Baidu is cheap and it’s a long, but Druckenmiller has been quoted literally saying he “won’t buy Chinese equities as long as President Xi is in power” What has changed or is changing? Perhaps valuation is too promising to pass up? Still a relatively small stake but he could easily build it out quickly. Does he know something we don’t? Usually doesn’t buy without a catalyst. Very interesting to say the least, will be watching closely. $BABA $TCEHY $JD $KWEB $XPEV
View on X ↗