Posted 3/29/2024, 9:47:00 AM
Tepper Bets Big on Oracle and Alibaba Growth Prospects in AI and Cloud Computing
- David Tepper initiated a large position in Oracle stock in Q4 2023, making it Appaloosa's 12th largest holding
- Tepper likely sees potential in Oracle's growth prospects as companies adopt AI
- The hedge fund manager increased Appaloosa's stake in Alibaba by 21% in Q4, making it the 6th largest position
- Tepper sees comeback potential for Alibaba despite recent setbacks in China
- Amazon remains one of Appaloosa's top 3 holdings as Tepper remains bullish on its earnings growth and AWS opportunities in AI