Reported 7 months ago
Billionaire David Tepper sold shares of Amazon, Alphabet, Microsoft, Meta, and Nvidia in the first quarter of 2024 but significantly increased his investments in three AI stocks: Alibaba Group Holding, Oracle, and PDD Holdings. Tepper's top holdings all have close AI connections, with Alibaba now being the largest holding in his portfolio. These purchases have already paid off, with Alibaba's stock rebounding and up nearly 11% year-to-date. Tepper seems to view these three stocks as better picks than the ones he sold, given their cheaper valuations and long-term growth potential.
Source: YAHOO