“`html
David Tepper, billionaire fund manager of Appaloosa, has significantly shifted his investment strategy, as revealed in his Form 13F filings for the period ending March 31, 2025. Tepper sold portions of his positions in major tech stocks Nvidia, Alphabet (GOOG), and Amazon while drastically increasing his stake in Lyft by 1,825%, adding over 8.5 million shares.
Over the last year, the global ride-sharing market, where Lyft operates, is projected to grow from $87.7 billion in 2025 to over $918 billion by 2033, reflecting a compound annual growth rate (CAGR) of 21%. Lyft reported a 16% increase in total rides, achieving 218.4 million, and improving its operating cash flow since a new CEO took over in April 2023.
“`
