Billionaire David Tepper Shifts AI Portfolio: Buys Nvidia, TSMC, Intel; Sells Top AI Stock

Wall Street's AI gold rush continues as billionaire investor David Tepper repositions his $6.4 billion portfolio. The Appaloosa Capital founder aggressively added positions in semiconductor leaders Nvidia (NVDA), Taiwan Semiconductor (TSM), and Intel (INTC) during Q2, while divesting from an unnamed 'Magnificent Seven' AI stock favored by peers.

The moves come as PwC projects AI could inject $15.7 trillion into global GDP by 2030. Tepper's trades reflect a calculated bet on hardware enablers rather than pure-play AI software firms—a divergence from many institutional investors chasing generative AI applications.

Semiconductor stocks now dominate Tepper's 13F filings, with Nvidia and TSMC benefiting from insatiable demand for AI chips. The Intel position suggests a contrarian wager on the chipmaker's foundry ambitions catching up to AI-driven demand.