Billionaire David Tepper sold $450M worth of Nvidia shares in Q2 and invested in Chinese stocks.

Billionaire investor David Tepper sold 3.73 million shares of Nvidia, valued at approximately $450 million, in the second quarter of this year. He redirected his investments into struggling Chinese stocks, including the Kraneshares CSI China Internet ETF, JD.com, the iShares China Large-Cap ETF, and KE Holdings. This shift comes as Chinese markets face ongoing challenges, with the iShares MSCI China ETF down 12% over the past five years.

September 28, 2024
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