Billionaire David Tepper Has 25% of His Portfolio Invested in 3 Brilliant AI Stocks
David Tepper's Appaloosa is the 12th most profitable hedge fund in history as measured by net gains since inception. The hedge fund returned 58% during the three-year period that ended in March 2024, while the S 500 (SNPINDEX: ^GSPC) returned just 32% during the same period. That makes Tepper an excellent case study for investors.
With that in mind, Tepper had nearly 25% of his Appaloosa portfolio invested in three artificial intelligence stocks as of the March quarter: Amazon (NASDAQ: AMZN) accounted for 10%, (NASDAQ: MSFT) accounted for 8.7%, and Nvidia (NASDAQ: NVDA) accounted for 5.9%. All three stocks have been brilliant investments over the last five years, outperforming the S 500, and Tepper clearly remains confident in their ability to beat to the market.
Are these technology stocks worthwhile investments?
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 7.2% for Microsoft Corp. compared to the current price of 391.8 €.
