David Tepper’s Appaloosa sells AI memory stocks while loading up on Magnificent Seven in the second quarter - cnbc.com
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Appaloosa sold AI memory stocks during the second quarter, per CNBC's review of its latest portfolio disclosure.
- Appaloosa simultaneously built new positions in Magnificent Seven names during the same Q2 period.
Why it matters: Tepper is one of the highest-profile hedge fund managers, and his pivot from a narrower AI hardware trade (memory chips) to the broader mega-cap tech basket in Q2 gives other investors a read on where a celebrated macro-oriented fund is placing its conviction.
Ask SkimNews
