Billionaire Abruptly Dumps Fastest-Growing U.S. Stock While Dramatically Boosting AI Exposure

Billionaire Abruptly Dumps Fastest-Growing U.S. Stock While Dramatically Boosting AI Exposure

Appaloosa Management under David Tepper overweighted AI holdings at 77% of assets in top names like Amazon, TSMC, and Nvidia while fully exiting SanDisk after its massive 2026 rally. The post Billionaire Abruptly Dumps Fastest-Growing U.S. Stock While Dramatically Boosting AI Exposure appeared first on The Daily Hodl.

Billionaire David Tepper just dumped a red-hot AI stock

David Tepper recently walked away from one of the hottest semiconductor trades of 2026. Billionaire’s Appaloosa Management fully withdrew its investment in Sandisk (SNDK) during the second quarter, after commencing the position only a quarter earlier, its latest 13F filing showed. But Tepper did…