Billionaire David Tepper Exited His Firm’s Stake in AMD and Bought This Other Monster Artificial Intelligence (AI) Chip Stock Instead

From Nasdaq: 2025-06-05 04:29:00

Investors follow billionaire David Tepper’s trades through Appaloosa Management’s 13F filings. Tepper exited AMD and initiated a position in Broadcom. AMD faces challenges in core businesses and lags behind Nvidia. Broadcom’s diversified operations and share repurchase program make it an attractive investment. Timing may not be crucial, but AI infrastructure spending bodes well for Broadcom’s future growth. The Motley Fool Stock Advisor team does not currently recommend Broadcom as one of the top 10 stocks to buy.



Read more at Nasdaq: Billionaire David Tepper Exited His Firm’s Stake in AMD and Bought This Other Monster Artificial Intelligence (AI) Chip Stock Instead