Reported 8 months ago
David Tepper from Appaloosa Management, known for his successful investing track record, has shifted his investment focus from leading U.S.-based technology stocks to Chinese tech stocks in Q1 2024. Tepper notably increased his positions in Alibaba, PDD Holdings, Baidu, and JD.com, while also investing in two China-focused ETFs. This strategic move reflects optimism towards the Chinese tech sector's growth potential and the overall Chinese economy rebounding, as evidenced by the positive manufacturing sector growth and the government's efforts to stimulate economic growth.
Source: YAHOO