By Adam Levy
Publication Date: 2026-01-25 21:16:00
This chip stock is another contrarian play from Tepper.
Billionaire David Tepper loves a good turnaround story. He made his fortune as a master of investing in distressed debt Hedge fundsAppaloosa Management. The value-oriented contrarian approach that Tepper takes to his investing has continued to serve him well as he expanded it to stocks.
True to form, the fund’s youngest fund 13F filing with the SEC showed significant sales of stocks that caused share prices to skyrocket. These stocks that have largely benefited from the artificial intelligence (AI) trend include: Micron technology (MU +0.52%), oracle (ORCL 0.52%)And Intel (INTC 17.15%).
Tepper used the profits to reinvest in another AI stock that hasn’t quite taken off yet, but could develop into an important provider of AI chips in various form factors in the next few years. While the stock has risen 31,000% since its IPO in the early 1990s, it has traded sideways over the past two years. Here is…
