Billionaire David Tepper's Shift from Nvidia to Top Artificial Intelligence (AI) Stocks
Friday, 8 March 2024, 19:41
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.
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