David Tepper Exits Sandisk Despite Heavy AI Stock Holdings
Billionaire investor David Tepper, through his firm Appaloosa Management, remains heavily invested in artificial intelligence (AI) stocks such as Nvidia, Taiwan Semiconductor Manufacturing Company, and Amazon. However, he completely sold out of Sandisk during the second quarter of 2026 — a stock that had surged over 3,000% year-to-date. Tepper’s portfolio is heavily tilted toward AI-related companies, with more than three-quarters of his fund's assets allocated to firms central to the AI growth narrative. His top holdings include Amazon (largest), TSMC (third-largest), and Nvidia (ninth-largest). These stocks represent different facets of the AI ecosystem — from cloud infrastructure to chip manufacturing. The decision to exit Sandisk may reflect profit-taking, as Tepper had bought in during early 2027. Analysts suggest that memory companies like Sandisk are historically cyclical, and selling at a high valuation could be strategic.
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Topics: AI stocks Appaloosa Management David Tepper Form 13F filings