Tepper's Appaloosa Management Bets Big on AI: Nearly Half of Fund's Portfolio Invested in Meta, Microsoft, Amazon, Nvidia and Alphabet
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David Tepper's hedge fund Appaloosa Management has 46% of its portfolio invested in 5 AI stocks Meta, Microsoft, Amazon, Nvidia, and Alphabet.
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Tepper made some big changes in his holdings this past quarter, cutting his stake in Nvidia by 23% and Alphabet by 16%, while increasing holdings in Microsoft and Amazon.
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Meta remains Tepper's top holding at 11.6% of his portfolio, with Microsoft next at 11.3%, followed by Amazon at 10.6%.
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Tepper likely trimmed Nvidia due to its big 239% gain last year, while increasing Microsoft and Amazon holdings based on their growth potential, especially in AI.
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Even after trimming, Nvidia still represents 6.9% of Appaloosa's portfolio, while Alphabet makes up 5.7%, as Tepper maintains large stakes in these AI leaders.