Billionaire David Tepper ranks Nvidia 5th and Amazon 2nd in Top 10 AI Stocks for 2024, shifting towards Chinese stocks.
Billionaire David Tepper of Appaloosa Management ranked Nvidia Corp 5th and Amazon.com Inc 2nd on his list of Top 10 AI Stocks for 2024. His strategy involves shifting towards Chinese stocks and reducing exposure to mega-cap tech stocks. Tepper's bet on Chinese stocks aligns with analyst predictions of a rebounding Chinese economy, while his investments in AI stocks have resulted in a 20% return in 2021 and annualized returns of 28% for investors.
May 26, 2024
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