From Nasdaq: 2024-05-19 03:05:00

Investors have seen huge returns on the “Magnificent Seven” tech stocks with AI at the core. However, billionaire investor David Tepper has reduced his exposure to these stocks, decreasing holdings in Nvidia and Meta Platforms. Instead, Tepper is increasing positions in well-known Chinese companies like Alibaba, Pinduoduo, and Baidu, seeing value in their potential growth. Tepper’s shift may signal a trend towards investing in Chinese stocks due to their lower valuations and recent economic improvements. While Tepper’s moves may be intriguing, investors should conduct their own research before following suit.



Read more at Nasdaq: Billionaire Investor David Tepper Sold Nvidia, Meta Platforms, and Other “Magnificent Seven” Stocks Hand Over Fist Last Quarter. You Won’t Believe What He Bought Instead.