Reported about 2 months ago
Billionaire investor David Tepper has significantly cut his positions in five major artificial intelligence stocks, including Alibaba, Amazon, Microsoft, Meta, and Alphabet, during the second quarter of 2024. While Tepper's reductions prompt speculation about potential valuation concerns or profit-taking, it doesn't necessarily mean that other investors should follow suit, as long-term prospects for these companies remain promising. Navigating personal investment goals is crucial, as many of these stocks could continue to offer growth opportunities in the AI market.
Source: YAHOO