David Tepper, a hedge fund manager, made a $7 billion profit by backing Bank of America and Citigroup during the financial crisis. Tepper’s contrarian approach to investing focuses on undervalued shares with solid fundamentals, like his recent investments in UnitedHealth and Intel.

UnitedHealth, the largest US health insurance operator, has a market cap of $278 billion and over 148 million customers globally. Despite recent challenges, including a 38.5% share price decline, Tepper increased his stake in the company significantly in Q2 to approximately $753 million.

Intel, a leading provider of PC microprocessor chips, faces challenges from competitors like AMD. Tepper acquired 8 million shares of Intel in Q2, marking a new position for him. Analysts believe Intel has the potential for a turnaround, despite its recent decline in market share and stock performance.

Read more at Yahoo Finance: Billionaire David Tepper Pulls the Trigger on These 2 Contrarian Stocks