Reported 14 days ago
Billionaire David Tepper sold 84% of his investment in Nvidia amid concerns about a potential AI bubble and increasing competition, instead directing his funds towards JD.com, China's second-largest e-commerce company, which he sees as a historically cheap cyclical stock with strong long-term growth potential. Tepper's strategy highlights a shift from a high-priced tech stock to an undervalued consumer cyclical stock amid a volatile market.
Source: YAHOO