From Nasdaq:

David Tepper made several strategic investment decisions in Q4, selling a significant portion of Nvidia shares despite their subsequent 70% surge in 2024. Tepper, however, retains a strong position in Nvidia and also invested in four AI stocks. His largest new position was Oracle, followed by Alibaba, Amazon, and Microsoft.

Tepper acquired 1.32 million shares of Oracle in Q4, now valued at around $140 million. Oracle has been enhancing its AI capabilities, launching a generative AI service in partnership with Nvidia. Tepper also significantly increased his stake in Alibaba, a stock that has faced challenges in China but presents a buying opportunity with its low valuation.

Amazon remains Tepper’s third-largest holding after he increased his position by over 5% in Q4. The company’s growing profitability and free cash flow, coupled with the prospects of AWS driven by generative AI adoption, make it an attractive investment. Amazon’s association with Nvidia is significant, using its GPUs while developing its AI chips.

Tepper raised his stake in Microsoft by nearly 4% in Q4, making it the second-largest holding in his portfolio. Microsoft’s strong performance is driven by AI initiatives and its collaboration with Nvidia on AI Enterprise software. Striking a balance, Microsoft has also developed its AI chips to potentially reduce reliance on Nvidia.



Read more at Nasdaq: Billionaire David Tepper Slashed His Position in Nvidia. Here Are the Artificial Intelligence (AI) Stocks He Bought Instead.