Billionaire David Tepper of Appaloosa Slashed His Micron Stake and Piled Into a "Fabulous" AI Stock for a 6th Consecutive Quarter
Two foundational artificial intelligence (AI) stocks have billionaire David Tepper's undivided attention.
On Friday, Aug. 14, billionaire David Tepper of Appaloosa made significant moves in the stock market. Tepper, known for his long-term investment strategy and focus on value, slashed his position in semiconductor giant Micron Technology (NASDAQ: MU) during the second quarter. In contrast, he increased his holdings in Taiwan Semiconductor Manufacturing (NYSE: TSM), a global leader in chip-fabrication, marking his sixth consecutive quarter of investing in this company.
Tepper's latest 13F filings reveal these strategic shifts, highlighting his continued emphasis on AI-related investments.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
