Billionaire David Tepper sold 23% of his Appaloosa Management hedge fund's Nvidia position in Q4 2023 and invested in Oracle and other AI stocks.
Billionaire David Tepper sold 23% of his Appaloosa Management hedge fund's position in Nvidia in Q4 2023, despite its subsequent 70% share rise in 2024. He remains invested in the GPU maker as his fourth-largest holding, but also bought into AI stocks. These include Oracle, where he purchased 1.32 million shares worth $140M. He also bought into four other AI stocks, remaining bullish on the sector.
March 08, 2024
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