David Tepper's Appaloosa Portfolio Holds 16% in Amazon Stock Amid AI Growth
Hedge fund billionaire David Tepper has allocated approximately 16% of his $7.5 billion portfolio managed by Appaloosa Management into Amazon stock, as revealed in the firm’s latest SEC filing. This marks a significant portion of his investment strategy and reflects confidence in Amazon's position within the AI growth trend. During Q2, Tepper increased his stake in Amazon by nearly 15.8%, while reducing positions in other tech stocks like Micron and Sandisk. He also boosted holdings in Alphabet and Meta Platforms, signaling a shift toward hyperscaler companies over
Topics: AI Growth Hedge Funds Magnificent Seven Stocks Stock Portfolio Adjustments