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Appaloosa Management is an American hedge fund founded in 1993 by David Tepper and Jack Walton specializing in distressed debt. Appaloosa Management invests in public equity and fixed income markets around the world.
Appaloosa Management is a successful hedge fund managed by David Tepper, who takes a contrarian view in equity investing. See its 13F filings, top holdings, sector allocation, performance and more on WhaleWisdom.com.
Feb 8, 2023 · Learn about David Tepper, a billionaire investor and co-founder of Appaloosa Management L.P., a hedge fund that specializes in distressed debt. Find out how he made his fortune, invested in the 2008 crash, and owns the Carolina Panthers.
- Julia Kagan
- Danny Vena
- Meta Platforms. Meta Platforms might seem a surprising choice, but the company has a long history of using AI to bolster its business. The vast majority of Meta's revenue comes from digital advertising, and AI can more accurately surface relevant ads and other content on its social media sites.
- Microsoft. Microsoft saw the writing on the wall and invested $13 billion in ChatGPT creator OpenAI over the past few years, helping spotlight the potential for generative AI.
- Amazon. While some viewed Amazon as slow out of the gate, it has jumped into the AI opportunity with both feet. The company has long used AI to handle product recommendations, inventory levels, delivery routes, and more.
- Nvidia. No discussion about AI stocks would be complete without a nod to Nvidia, a point highlighted by Tepper's position. Nvidia pioneered the graphics processing units (GPUs) that revolutionized gaming and are the gold standard for AI applications.
May 15, 2024 · Appaloosa Management, the hedge fund founded by billionaire investor David Tepper, took fresh stakes in Adobe ( NASDAQ: ADBE ), with 350K shares, JD.com ( NASDAQ: JD ), with 3.7M...
3 days ago · Learn about David Tepper, the hedge fund manager who founded Appaloosa Management in 1993 and bought the Carolina Panthers in 2018. See his net worth, philanthropy, education, quotes and more.
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Aug 15, 2023 · David Tepper's hedge fund nearly tripled its stockholdings to $5.4 billion in the second quarter, focusing on tech and semiconductor stocks. It also exited positions in Tesla, Disney, and other companies, and trimmed its energy holdings.
