This billionaire sold Nvidia and AMD shares to invest in AI stocks

Billionaire investor David Tepper of Appaloosa Management adjusted his portfolio in Q4 by reducing his stakes in AI chip stocks, specifically cutting his Nvidia position by over 10% and slashing his Advanced Micro Devices stake by two-thirds. Despite these reductions, Nvidia remains Tepper’s seventh-largest position. Instead, he focused on acquiring shares of companies investing heavily in AI infrastructure.

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