Billionaire David Tepper Is Selling Amazon and Meta Stocks but Betting on Artificial Intelligence (AI) in a Different Way
David Tepper didn't amass a net worth of $21.3 billion by thinking conventionally. He's viewed by some as the greatest hedge fund manager of this generation as a result of his out-of-the-box moves. If you look at the top holdings in Tepper's Appaloosa Management portfolio, you'll probably quickly see that the billionaire seems to like artificial intelligence (AI) stocks. But he appears to be betting on AI in a different way than most these days.Amazon (NASDAQ: AMZN) has been an AI leader for years. The company's Amazon Web Services (AWS) ranks as the leading cloud services provider. AWS continues to enjoy a strong tailwind from AI.Continue reading
David Tepper didn't amass a net worth of $21.3 billion by thinking conventionally. He's viewed by some as the greatest hedge fund manager of this generation as a result of his out-of-the-box moves.
If you look at the top holdings in Tepper's Appaloosa Management portfolio, you'll probably quickly see that the billionaire seems to like artificial intelligence (AI) stocks. But he appears to be betting on AI in a different way than most these days.
Amazon (NASDAQ: AMZN) has been an AI leader for years. The company's Amazon Web Services (AWS) ranks as the leading cloud services provider. AWS continues to enjoy a strong tailwind from AI.
