From Nasdaq: 2024-04-05 08:00:00

David Tepper, founder of Appaloosa Management, is known for his successful hedge fund strategies. He correctly predicted the 2008 financial crisis and profited from bank stocks. Tepper reduced stakes in Nvidia and Alphabet, favoring investments in Microsoft and Amazon for their AI advancements and growth potential.

Tepper made significant changes to Appaloosa’s portfolio in the fourth quarter, reducing Nvidia and Alphabet holdings while increasing Microsoft and Amazon stakes. Despite mixed results, his focus on AI technology and growth potential continues to influence his investment decisions.

Tepper’s moves reflect his confidence in companies like Microsoft and Amazon, known for their AI capabilities and market dominance. The lessons learned from his investment decisions emphasize the importance of focusing on a company’s prospects rather than market trends to achieve long-term success in investing.



Read more at Nasdaq: Billionaire David Tepper Sold Nvidia and Alphabet Shares Hand Over Fist Last Quarter. Here Are the “Magnificent Seven” Stocks He Bought Instead.