Billionaire David Tepper Sold 93% of Appaloosa's Stake in Nvidia and Is Piling Into One of China's Most Prominent Growth Stocks
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David Tepper's Appaloosa has sold 93% of its stake in Nvidia, a leading AI stock, and is investing in a major Chinese growth stock.
November 12, 2024 | 10:30 am
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David Tepper's Appaloosa has significantly reduced its stake in Nvidia, selling 93% of its holdings. This move indicates a shift away from Nvidia, a leading AI stock, potentially impacting its stock price negatively in the short term.
The sale of 93% of Nvidia shares by a prominent investor like David Tepper suggests a lack of confidence in Nvidia's short-term growth prospects, likely leading to a negative impact on its stock price.
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IMPORTANCE 80
RELEVANCE 90