Appaloosa Management

Billionaire David Tepper Slashed His Position in Nvidia. Here Are the Artificial Intelligence (AI) Stocks He Bought Instead.

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Billionaire David Tepper Slashed His Position in Nvidia. Here Are the Artificial Intelligence (AI) Stocks He Bought Instead.

David Tepper amassed a fortune of $20.6 billion by making plenty of smart decisions. Some investors will probably question one of his recent decisions, though. In the fourth quarter of 2023, Tepper sold nearly 23% of his Appaloosa Management hedge fund’s position in Nvidia (NASDAQ: NVDA). In retrospect, that doesn’t appear to be a great …

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Billionaire Investor David Tepper Has 46% of His Portfolio Invested in 5 Brilliant Artificial Intelligence (AI) Growth Stocks — but Made Some Big Changes During the Quarter

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Billionaire Investor David Tepper Has 46% of His Portfolio Invested in 5 Brilliant Artificial Intelligence (AI) Growth Stocks — but Made Some Big Changes During the Quarter

David Tepper has developed quite a following on Wall Street. The billionaire heads up Appaloosa Management — the hedge fund he founded back in 1993. He has been called “arguably the greatest hedge fund manager of his generation” by Forbes magazine and has “consistently outperformed his industry peers and the broader global markets since [Appaloosa’s] …

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