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

Billionaire David Tepper Sold Micron and Sandisk, and Is Hedging Against 1 of Their Largest Customers

Does the hedge fund manager know something Wall Street doesn't?

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.

David Tepper Bets Against Apple and Cuts Micron Stake

Hedge fund manager David Tepper has shifted his portfolio, reducing memory chip holdings and placing a $242 million bet against Apple, signaling caution over the AI supercycle.

Tepper dumps chips and bets $242M against Apple

David Tepper's Appaloosa Management cut its Micron stake by 41%, sold its entire Sandisk position and placed a $242 million bet against Apple in the second quarter, raising questions about whether the memory chip supercycle is approaching its peak.

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…