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Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock

By Yahoo! Finance   |   2 weeks ago
Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock

Appaloosa's investor Tepper has been selling shares of Nvidia and AMD, possibly to lock in gains or due to regulatory risks and increasing competition in the AI-GPU market. Tepper instead invested in Broadcom, a diversified AI-networking specialist poised for growth.

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