International Business Timesยท2025-10-15 21:08Core Insights - Billionaire investor David Tepper is recognized for his aggressive trading style and contrarian investment strategies, particularly in distressed assets [1][2] - Tepper's hedge fund, Appaloosa Management, has a history of significant returns, including a notable investment in Intel, which has recently shown strong performance [3][4] Investment Activities - Tepper founded Appaloosa Management in 1993 with an initial capital of $57 million, achieving a 57% return in the first six months by investing in troubled firms [3] - In Q2 2025, Tepper re-entered Intel by purchasing 8 million shares for approximately $180 million at an average price of $22.56 per share, with the stock price rising 58% shortly after [4] - Tepper also acquired over 1.4 million shares of Nvidia and 190,000 shares of Amazon in Q2 2025, while reducing stakes in Alphabet, Meta Platforms, and Microsoft [9] Market Context - Intel's turnaround was supported by a $11.1 billion investment from the US government, which has since appreciated to over $16 billion, alongside Nvidia's $5 billion investment for AI chip development [5][6] - The stock price of Intel has increased by over 75% in the past six months, recovering from a significant decline earlier in the year [5][7] - Analysts project a 12-month stock price target of $43 per share for Intel, indicating potential further upside for Tepper's investment, although most analysts maintain a 'hold' rating [8]