Summary:
– David Tepper, a successful investment manager, originally invested in Nvidia and AMD in 2023.
– Tepper is now shifting towards Broadcom, a more diversified tech giant, for downside protection.
– GPUs like Nvidia’s are crucial for AI training, but ASICs are emerging as a threat.
– Broadcom, a leader in ASIC design, is gaining traction in AI data centers.
– Tepper sold his stakes in Nvidia and AMD to invest in Broadcom instead, anticipating the shift towards ASICs in the long run.

Read more at Nasdaq: Billionaire David Tepper Sold Nvidia and AMD and Is Piling Into This Specialized AI Chipmaker Instead