Billionaire David Tepper Is Selling Alphabet and Nvidia Hand Over Fist, but Is Buying These "Magnificent Seven" Stocks
Billionaire David Tepper likes artificial intelligence (AI) stocks -- the bigger, the better. Pick a megacap AI stock, and there's a pretty good chance that it's in the portfolio of his hedge fund, Appaloosa Management.
Tepper isn't as big of a fan of some of these stocks as he is of others, though. The successful hedge fund manager has been selling shares of Nvidia (NASDAQ: NVDA) and Google parent (NASDAQ: GOOG) (NASDAQ: GOOGL) hand over fist, but he has been buying two other "Magnificent Seven" stocks.
In the fourth quarter of 2023, Tepper slashed Appaloosa's stake in Nvidia by nearly 23%. While the GPU maker still ranks as the hedge fund's fourth-largest holding, Tepper clearly isn't as bullish about it as he once was.
Source Fool.com
Alphabet Inc. A Stock
€157.38
0.310%
With 79 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 2.94% for Alphabet Inc. A compared to the current price of 157.38 €.
