{
  "id": 3091927,
  "title": "Billionaire David Tepper Has 16% of His $7.5 Billion Appaloosa Portfolio in Amazon Stock. Is It Still a Buy?",
  "url": "https://urgent.news/2026/08/23/billionaire-david-tepper-has-16-of-his-7-5-billion-appaloosa-3091927",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T10:22:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/billionaire-david-tepper-16-7-102200897.html"
  },
  "original_language": "en",
  "account": "David Tepper, a billionaire with a $23.7 billion fortune, has allocated 16% of his $7.5 billion Appaloosa Management portfolio to Amazon stock. This positions Amazon as his highest-conviction bet on the AI growth trend. During the quarter ending June 30, Appaloosa increased its Amazon position by 680,000 shares, while reducing its Micron and Sandisk positions. Amazon's cloud computing unit, AWS, reported a 37% revenue growth in the quarter, surpassing forecasts. This growth is attributed to the AI infrastructure boom, with Amazon's AWS revenue growth of 37% in the quarter. Despite the bullish reaction to Amazon's earnings, it's unclear if Tepper is currently buying or selling, as an SEC filing isn't due until after the quarter. However, Amazon's stock trades at a slight premium to its peers, with a 22-times earnings multiple. If Amazon's infrastructure investments continue to produce tangible growth, shares could keep rising in tandem with further earnings growth. The Motley Fool Stock Advisor analyst team identified Amazon as not among the 10 best stocks to buy now.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Billionaire David Tepper Has 16% of His $7.5 Billion Appaloosa Portfolio in Amazon Stock. Is It Still a Buy?",
        "url": "https://urgent.news/2026/08/23/billionaire-david-tepper-has-16-of-his-7-5-billion-appaloosa",
        "published": "2026-08-23T10:02:00.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Billionaire David Tepper Has 16% of His $7.5 Billion Appaloosa Portfolio in Amazon Stock. Is It Still a Buy?",
        "url": "https://urgent.news/2026/08/23/billionaire-david-tepper-has-16-of-his-7-5-billion-appaloosa-2778398",
        "published": "2026-08-23T10:22:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}