Billionaire David Tepper Sold Nvidia and AMD and Is Piling Into This Specialized AI Chipmaker Instead

The contrarian investor is taking a stance against the GPU makers in favor of a different type of chip.David Tepper is one of the most successful investment managers on Wall Street. His Appaloosa Management hedge fund has produced gross annualized returns of more than 28% since its inception in 1993. That far outpaces the S&P 500's annualized return over the last 32-plus years of about 10.6%.Tepper is best known for buying distressed debt from companies close to bankruptcy. In fact, Appaloosa was considered ...