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Does Billionaire David Tepper Know Something Wall Street Doesn't? He Sold 100% of Appaloosa's Broadcom Stock and Piled Into This High-Profile Artificial Intelligence (AI) Chipmaker Instead
NvidiaNvidia(US:NVDA) The Motley Foolยท2025-08-21 07:02

Broadcom isn't the only way to tap into the AI revolution. Billionaire David Tepper is something of an investing legend. The philanthropist and hedge fund manager runs Appaloosa Management, the hedge fund he founded, with $6.45 billion in assets under management. He cemented his name in the annals of Wall Street by predicting the housing market collapse and subsequent financial crisis in 2008. He bucked the trend, piling into bank stocks on the heels of the Great Recession and "banking" $7 billion in profit ...