Billionaire David Tepper Bought More Shares of This Artificial Intelligence (AI) Stock That Could Join Apple, Microsoft, and Nvidia in the $3 Trillion Club by 2030
The artificial intelligence (AI) market continues to grow rapidly. With many companies competing for supremacy in the field, investors have numerous options to choose from today. It's not a bad idea to look to famous names on Wall Street for investing inspiration, either. Consider David Tepper, the billionaire founder of Appaloosa Management, a hedge fund.During the first quarter, Tepper and his team decreased the fund's stake in several high-profile AI players, including Amazon, Microsoft, and Nvidia. Meanwhile, positions in Facebook's parent company, Meta Platforms (NASDAQ: META), increased during the period. Here's why investors looking to cash in on AI should follow Tepper's lead and purchase shares of Meta Platforms.Image source: Getty Images.Continue reading
The artificial intelligence (AI) market continues to grow rapidly. With many companies competing for supremacy in the field, investors have numerous options to choose from today. It's not a bad idea to look to famous names on Wall Street for investing inspiration, either. Consider David Tepper, the billionaire founder of Appaloosa Management, a hedge fund.
During the first quarter, Tepper and his team decreased the fund's stake in several high-profile AI players, including Amazon, Microsoft, and Nvidia. Meanwhile, positions in Facebook's parent company, Meta Platforms (NASDAQ: META), increased during the period. Here's why investors looking to cash in on AI should follow Tepper's lead and purchase shares of Meta Platforms.
Image source: Getty Images.
