Billionaire David Tepper of Appaloosa Slashed His Micron Stake and Piled Into a "Fabulous" AI Stock for a 6th Consecutive Quarter
Two foundational artificial intelligence (AI) stocks have billionaire David Tepper's undivided attention.
Overview
You might not realize it, but Friday, Aug. 14, marked one of the most important data releases of the quarter. Form 13F filings, due Aug. 14, enable investors to track which stocks Wall Street's brightest money managers, including billionaire David Tepper of Appaloosa, bought and sold in the latest quarter.
Tepper is known for his long-term vision, focus on value, and penchant for packing Appaloosa's portfolio with companies at the forefront of Wall Street's hottest trends, such as artificial intelligence (AI). During the second quarter, Appaloosa's 13F shows that Tepper slashed his fund's position in semiconductor titan Micron Technology (NASDAQ: MU) and purchased shares of global chip-fabrication leader Taiwan Semiconductor Manufacturing (NYSE: TSM) for a sixth consecutive quarter.
Appaloosa's David Tepper is making big moves in the AI arena. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.