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- David Tepper's Appaloosa hedge fund took new stakes in Boeing Co. and Lyft Inc., to name a few of its fresh bets, and sold off the General Motors Co. stake it had snapped up only a few months ago, according to a filing with the Securities and Exchange Commission late Wednesday.
www.morningstar.com/news/marketwatch/20240515477/appaloosa-takes-new-stake-in-boeing-sours-on-gm
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May 16, 2024 · Tepper’s Appaloosa Management more than doubled its investment in Alibaba Group Holdings in the first three months of the year, making the Chinese e-commerce giant the biggest position in its...
- Danny Vena, The Motley Fool
- Meta Platforms. Meta Platforms might seem a surprising choice, but the company has a long history of using AI to bolster its business. The vast majority of Meta's revenue comes from digital advertising, and AI can more accurately surface relevant ads and other content on its social media sites.
- Microsoft. Microsoft saw the writing on the wall and invested $13 billion in ChatGPT creator OpenAI over the past few years, helping spotlight the potential for generative AI.
- Amazon. While some viewed Amazon as slow out of the gate, it has jumped into the AI opportunity with both feet. The company has long used AI to handle product recommendations, inventory levels, delivery routes, and more.
- Nvidia. No discussion about AI stocks would be complete without a nod to Nvidia, a point highlighted by Tepper's position. Nvidia pioneered the graphics processing units (GPUs) that revolutionized gaming and are the gold standard for AI applications.
- Danny Vena, The Motley Fool
- Meta Platforms. Meta Platforms continues to be Tepper's top holding, largely unchanged since the prior quarter. The company's history of using AI to surface relevant content for users on its social media sites is well documented.
- Microsoft. Recognizing the vast opportunity ahead, Microsoft was quick off the blocks to integrate generative AI capabilities into its widely used workplace productivity tools and cloud infrastructure platform.
- Amazon. Amazon has a trifecta of successful businesses, including its industry-leading e-commerce and cloud infrastructure operations, as well as the company's No. 3 digital advertising platform.
- Nvidia. Nvidia is arguably the poster child for the AI revolution, as its graphics processing units (GPUs) are the gold standard not only for gaming, but also for data centers, speeding information through the ether.
- Danny Vena
- Meta Platforms. Meta Platforms continues to be Tepper's top holding, largely unchanged since the prior quarter. The company's history of using AI to surface relevant content for users on its social media sites is well documented.
- Microsoft. Recognizing the vast opportunity ahead, Microsoft was quick off the blocks to integrate generative AI capabilities into its widely used workplace productivity tools and cloud infrastructure platform.
- Amazon. Amazon has a trifecta of successful businesses, including its industry-leading e-commerce and cloud infrastructure operations, as well as the company's No. 3 digital advertising platform.
- Nvidia. Nvidia is arguably the poster child for the AI revolution, as its graphics processing units (GPUs) are the gold standard not only for gaming, but also for data centers, speeding information through the ether.
Dec 4, 2023 · Please visit our Tracking David Tepper’s Appaloosa Management Portfolio series to get an idea of his investment philosophy and our previous update for the fund’s moves during Q2, 2023.
Jan 20, 2024 · Billionaire David Tepper runs Appaloosa Management, a hedge fund that has regularly outperformed industry peers and the broader stock market since it was founded in 1993. Indeed, Appaloosa...
Nov 15, 2023 · David Tepper's hedge fund Appaloosa Management left positions in Apple (AAPL) and China-focused ETFs in the third quarter while raising its bets on other tech giants like Amazon (AMZN),...