Tepper's Appaloosa: Apple, Nvidia, and AMD Rise as Tesla Falls
Hedge fund Appaloosa LP, led by David Tepper, has revealed new positions in Advanced Micro Devices Inc. and Apple Inc., while dropping its position in Tesla Inc. The fund also increased its stake in Nvidia Corp. and Meta Platforms Inc. Additionally, Appaloosa increased its holdings in Amazon.com Inc. and Microsoft Corp., while shedding stakes in Salesforce Inc. and Tesla Inc. Tepper's moves align with George Soros, who also reported new positions in AMD, Nvidia, and Microsoft, while selling Salesforce shares. Appaloosa also established new positions in chip-related stocks such as Intel Corp., Lam Research Corp., Broadcom Inc., Marvell Technology Inc., Micron Technology Inc., Qualcomm Inc., and Taiwan Semiconductor Manufacturing Co.