Billionaire David Tepper's Shift from Nvidia to Top Artificial Intelligence (AI) Stocks

Friday, 8 March 2024, 19:41

Hedge fund manager David Tepper trimmed Nvidia stake by nearly 23% in Q4 2023 but remains bullish on AI. He added significant positions in Oracle, Alibaba, Amazon, and Microsoft. Learn about Tepper's investment moves and his focus on AI stocks amid market dynamics.
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Billionaire David Tepper's Shift from Nvidia to Top Artificial Intelligence (AI) Stocks

Hedge Fund Manager David Tepper's Invest Strategy

The hedge fund manager, David Tepper, repositioned his portfolio by reducing Nvidia shares and acquiring new stakes in artificial intelligence (AI) stocks like Oracle, Alibaba, Amazon, and Microsoft.

Notable Investment Actions

  • Oracle (NYSE: ORCL): Tepper's largest new position in Q4.
  • Alibaba (NYSE: BABA): Increased Appaloosa's stake by 21%.
  • Amazon (NASDAQ: AMZN): Stake grew by 5.3%.
  • Microsoft (NASDAQ: MSFT): Second-largest holding, up by 4%.

In a shift from Nvidia, Tepper's move towards AI stocks signals his confidence in the future of AI technologies and market trends.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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