Appaloosa Management's David Tepper doubled down on several stocks tied to the artificial intelligence boom in the last quarter, a new regulatory filing revealed.
The hedge fund manager hiked his stake in Nvidia drastically, making it his biggest holding at the end of June, worth $432 million.
Appaloosa's top holdings also included big-tech names Meta , Microsoft , Amazon and Alphabet , which have all recently highlighted their AI capabilities.
Meta recently unveiled its own AI computer chips .
Tepper remains one of the most successful and richest hedge fund managers in the world, known for his skillful maneuvers through market crises.
Persons:
David Tepper, Meta, Tepper
Organizations:
Nvidia, Microsoft, Google, OpenAI, AMD, Intel, Qualcomm, Marvell, Broadcom, Taiwan Semiconductor