Billionaire Abruptly Dumps Fastest-Growing U.S. Stock While Dramatically Boosting AI Exposure
A billionaire hedge fund chief has abruptly dumped the fastest-growing main U.S. inventory of the yr, whereas dramatically boosting his fund’s AI publicity.
David Tepper’s Appaloosa sold each SanDisk share within the second quarter.
On the similar time, about 77% of the fund’s invested belongings sat in firms the place AI is a core development driver.
Amazon, Taiwan Semiconductor, and Nvidia had been among the many largest positions.
Appaloosa ended June with 27 holdings and a portfolio of greater than $7.7 billion.
The fund added to Amazon and Taiwan Semiconductor and saved a stake throughout chip design, chip manufacturing, and cloud infrastructure.
SanDisk had jumped greater than 500% in 2026 on demand for high-speed reminiscence utilized in information facilities.
Appaloosa additionally lower different memory-chip publicity, together with a big trim in Micron. The 13F covers holdings as of June 30 and was filed Aug. 14.
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