Billionaire David Tepper of Appaloosa Is Buying Shares of Nvidia and Dumping a Key Artificial Intelligence (AI) Rival
Tepper, who's traditionally a deep-value investor, added to his fund's stake in Nvidia and sent 1.5 million shares of a direct competitor to the chopping block in the December-ended quarter.
You might not realize it, but today (Feb. 14) marks the deadline for what can be described as the most important data release of the first quarter.
Institutional investors with at least $100 million in assets under management (AUM) are required to file Form 13F with the Securities and Exchange Commission (SEC) no later than 45 calendar days following the end of a quarter. A 13F provides a snapshot of which stocks Wall Street's most prominent money managers purchased and sold in the latest quarter (in this instance, the December-ended quarter).
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