Billionaire David Tepper Sells Nvidia Stock and Buys an AI Stock Up 700% Since Early 2023

Shares of Nvidia (NVDA 4.43%) and Vistra (VST 0.81%) have surged 860% and 700%, respectively, since the beginning of 2023. Both companies have benefited from the artificial intelligence (AI) boom despite operating in very different parts of the economy. But billionaire David Tepper, the hedge fund manager at Appaloosa Management, sold one and bought the other in the third quarter, as detailed below:Tepper sold 65,000 shares of Nvidia, reducing his position by 9%. Nvidia no longer ranks among the 25 largest ...