Billionaire David Tepper Just Slashed His Positions in These 5 Artificial Intelligence (AI) Stocks. Should You Sell Them, Too?
Few hedge fund managers have been as all-in on artificial intelligence (AI) as David Tepper. His Appaloosa fund's portfolio has been stacked with AI stocks for quite a while.
However, the billionaire investor doesn't appear to be as enamored with AI these days. Tepper slashed his positions in several AI stocks in the second quarter of 2024.
Each of Appaloosa's top five holdings has a major focus on AI. However, Tepper reduced his hedge fund's positions in all of them in Q2.
Source Fool.com