Tepper Trims Nvidia Stake While Betting Big on Oracle, Alibaba, Amazon and Microsoft's AI Potential
• David Tepper sold nearly 23% of his hedge fund's position in Nvidia (NVDA) in Q4 2023, though he remains heavily invested in the GPU maker.
• Tepper bought over $140 million worth of Oracle (ORCL) shares in Q4, making it his biggest new position, likely betting on Oracle's AI capabilities.
• The billionaire investor added 750,000 more Alibaba (BABA) shares in Q4, increasing his stake by nearly 21%, attracted by the stock's low valuation.
• Amazon (AMZN) retained its #3 spot in Tepper's portfolio after he grew his stake by 5.3% in Q4, bullish on its profit growth and AWS' AI potential.
• Tepper also increased his Microsoft (MSFT) position by nearly 4% in Q4, making it his 2nd largest holding, with Microsoft integrating AI throughout its products.