Key Points
Billionaire hedge fund manager David Tepper increased his investment in Nvidia (NASDAQ: NVDA) throughout 2025, expanding his holdings from 300,000 shares at the end of Q1 to 1.9 million shares by the end of Q3. This substantial addition positions Nvidia as Appaloosa Management’s fourth-largest holding.
Nvidia, a leader in graphics processing units (GPUs), has seen soaring demand due to the AI buildout. As of Q3 FY 2026 (ending October 26), CEO Jensen Huang indicated that the company is “sold out” of cloud GPUs. With global data center capital expenditures projected to reach $3 trillion to $4 trillion annually by 2030, demand for Nvidia’s products is expected to remain robust, despite increased competition.
Currently, Nvidia’s stock is trading approximately 10% below its all-time high, with a price-to-earnings ratio of 24 times next year’s earnings. The company remains well-positioned for significant growth, making it a compelling investment opportunity as the market continues to develop its AI infrastructure.
