Billionaire David Tepper Sold Amazon, Alphabet, Microsoft, Meta, and Nvidia in Q1. But Here Are 3 AI Stocks He Bought Hand Over Fist
David Tepper appears to be firmly on the artificial intelligence (AI) bandwagon. All of his top-10 holdings have close AI connections.
The billionaire investor doesn't seem to be as bullish about some of those AI stocks as he once was, though. In the first quarter, Tepper sold shares of Amazon, Google parent Alphabet, , Facebook parent Meta Platforms, and Nvidia. However, he bought these three AI stocks hand over fist.
Alibaba Group Holding (NYSE: BABA) now ranks as the largest holding in Tepper's Appaloosa Management portfolio. The Chinese tech company leaped past Amazon, Microsoft, Meta, and Nvidia to take the top spot after Tepper increased his stake by nearly 159% in Q1.
Source Fool.com