“`html
Billionaire David Tepper’s AI Stock Selling Spree
David Tepper, chief of Appaloosa Management, significantly reduced his holdings in key AI stocks over the past year. According to recently filed Form 13Fs, which detail first-quarter trading activity, Tepper sold 4.12 million shares of Nvidia (93% reduction), 1.63 million shares of Advanced Micro Devices (fully exited), and 230,000 shares of Taiwan Semiconductor Manufacturing (46% reduction) between April 1, 2024, and March 31, 2025.
While Tepper sold off major positions in Nvidia, AMD, and TSMC, he increased his investment in Broadcom, acquiring 130,000 shares of the trillion-dollar valuation company. Broadcom is a key player in AI networking solutions, capable of connecting large numbers of AI-GPUs, which makes it an attractive investment amidst concerns of a potential AI market bubble.
“`
