Billionaire David Tepper shifts focus to Broadcom amid AI revolution, selling Nvidia and AMD

From Nasdaq: 2025-06-24 03:06:00

Investors are looking to artificial intelligence (AI) as the next game-changing trend to positively impact corporate growth rates. Estimates from PwC suggest a 26% jump in global GDP by 2030 due to AI-related spending. Institutional investors, like billionaire David Tepper, are closely monitoring AI stocks, with a shift in focus towards AI-networking specialist Broadcom.

Tepper, who oversees an $8 billion fund, has been strategic in his AI investments, recently selling off shares of AI-GPU providers Nvidia and AMD while acquiring a position in Broadcom. The diversified operations of Broadcom, including wireless chips for smartphones and cybersecurity solutions, make it an attractive investment amid the AI revolution.

Despite the growth potential in AI, regulatory issues, increasing competition, and the potential for an AI bubble burst are concerns for investors in AI hardware providers like Nvidia and AMD. Tepper’s move to shift focus towards Broadcom may prove to be a more stable investment choice in the long run. Investors are advised to consider the potential risks and rewards before investing in Broadcom.



Read more at Nasdaq: Billionaire David Tepper Sold 97% of Appaloosa’s Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock