Billionaire Investor David Tepper Dumped Adobe and Acquired This Semiconductor Stock. Should You Follow?
If you haven't achieved a net worth north of $1 billion by wisely investing in stocks, there's probably a lot that you can learn from the handful of folks who have.One fund manager most investors could learn a lot from is David Tepper, the billionaire who manages the Appaloosa fund. It's delivered an average annual return of more than 28% since its inception in 1993.In the fourth quarter of 2024, Tepper closed an Adobe (NASDAQ: ADBE) position worth more than $100 million. Also in the fourth quarter, Appaloosa increased its stake in Lam Research (NASDAQ: LRCX) by 1.15 million shares.Continue reading
If you haven't achieved a net worth north of $1 billion by wisely investing in stocks, there's probably a lot that you can learn from the handful of folks who have.
One fund manager most investors could learn a lot from is David Tepper, the billionaire who manages the Appaloosa fund. It's delivered an average annual return of more than 28% since its inception in 1993.
In the fourth quarter of 2024, Tepper closed an Adobe (NASDAQ: ADBE) position worth more than $100 million. Also in the fourth quarter, Appaloosa increased its stake in Lam Research (NASDAQ: LRCX) by 1.15 million shares.
