Tepper Bets Big on AI Leaders Meta, Microsoft, Amazon, Nvidia, and Alphabet – Trims Nvidia While Raising Microsoft and Amazon
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David Tepper's hedge fund Appaloosa has 46% of its portfolio in 5 AI stocks Meta (11.6%), Microsoft (11.3%), Amazon (10.6%), Nvidia (6.9%), and Alphabet (5.7%).
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Tepper made some big changes, cutting his Nvidia stake by 23% and Alphabet by 16% while increasing Microsoft by 4% and Amazon by 5%.
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The AI stocks are seen as high growth opportunities in areas like digital ads, cloud computing, and generative AI models.
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Microsoft's Copilot and Azure cloud growth impressed, while Amazon has AI shopping assistants and leading cloud infrastructure.
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Nvidia GPUs dominate machine learning and data centers, but Tepper likely took profits after huge 239% stock gain last year.