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Billionaire David Tepper’s Nvidia Bet Signals Continued AI Dominance
Billionaire David Tepper’s Nvidia Bet Signals Continued AI Dominance
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BTCCSquare news:
David Tepper's Appaloosa Management increased its Nvidia position by nearly 500% in Q2, underscoring institutional confidence in the AI chipmaker's growth trajectory. Nvidia maintains a stranglehold on the GPU market with an estimated 90% share, powering the infrastructure behind most generative AI models.
Hyperscalers are projecting record capital expenditures through 2026 to meet exploding demand for AI compute capacity. This aligns perfectly with Nvidia's guidance, suggesting the company's revenue runway extends well beyond current projections. The stock remains the purest play on AI infrastructure despite its 3.91% gain today.
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