David Tepper's Appaloosa Drops Nvidia from Top 5 Holdings, Boosts Micron Stake

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David Tepper’s Appaloosa Management significantly reduced its stake in Nvidia, dropping it from its top five holdings, while tripling its position in Micron Technology. This strategic shift reflects a focus on AI hardware components like memory over chip designers, with Micron now becoming a core bet on AI infrastructure spending. The move also involved boosting stakes in other AI enablers like Meta Platforms and Alphabet, alongside reducing exposure to Alibaba.

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