What stocks did David Tepper's Appaloosa Management sell?

Appaloosa Management sold its stakes in Intel and Oracle during the third quarter.

Which AI stocks did David Tepper invest in?

David Tepper's fund increased its position in Nvidia and initiated a new stake in Advanced Micro Devices.

Why did Tepper sell Intel and Oracle stock?

While Tepper has not publicly stated reasons, his strategy suggests dissatisfaction with Intel's slow turnaround and potential profit-taking on Oracle.

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Tepper Pivots: Dumps Intel/Oracle for AI Stars

4 Dec, 2025

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Summary

David Tepper's Appaloosa exits Intel and Oracle in Q3.
Fund manager increases stake in Nvidia and bets on AMD.
Investor likely capitalizing on AI bubble fears and contrarian strategy.

Tepper Pivots: Dumps Intel/Oracle for AI Stars

David Tepper's renowned hedge fund, Appaloosa Management, has made significant portfolio adjustments in the third quarter, exiting positions in established tech companies Intel and Oracle. While the specific motivations remain undisclosed, Tepper's established strategy of investing in distressed assets and value equities, often during periods of market stress, provides insight into these decisions. His reputation as a "master of contrarian investing" was solidified by his successful trades during the 2008 financial crisis.

The fund's recent filings with the SEC reveal a notable pivot towards the artificial intelligence sector. Appaloosa has substantially boosted its investment in Nvidia, a leading GPU manufacturer crucial for AI development, and has also taken a new position in Advanced Micro Devices, another significant player in AI infrastructure. This strategic reallocation indicates a strong conviction in the future growth potential of AI.