Billionaire David Tepper of Appaloosa Slashed His Micron Stake and Piled Into a "Fabulous" AI Stock for a 6th Consecutive Quarter
Key PointsQuarterly-filed Form 13Fs provide a way for investors to track which stocks Wall Street's smartest money managers are buying and selling.
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.
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