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0.000833357132657337 -0.000199914322433223 0.00265600456947025 0.000371269455947438 0.00505497643866909 -0.00455747536769955 -0.0135656147365415 0.00431243752677421
Stock impact report

Billionaire David Tepper Is Selling Amazon and Meta Stocks but Betting on Artificial Intelligence (AI) in a Different Way [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
If you look at the top holdings in Tepper's Appaloosa Management portfolio, you'll probably quickly see that the billionaire seems to like artificial intelligence (AI) stocks. But he appears to be betting on AI in a different way than most these days. Amazon (NASDAQ: AMZN) has been an AI leader for years. The company's Amazon Web Services (AWS) ranks as the leading cloud services provider. AWS continues to enjoy a strong tailwind from AI. Meta Platforms (NASDAQ: META) is also a longtime player in the AI world. It incorporates AI extensively throughout its Facebook, Instagram, Messenger, and WhatsApp applications. Meta's Lllama large language model (LLM) is one of the most powerful open-source AI models around. Both Amazon and Meta are in Tepper's top 10 holdings. However, he reduced Appaloosa's positions in both AI stocks in the fourth quarter of 2024. The hedge fund sold nearly 19% of its stake in Amazon and 21.6% of its shares of Meta. Those moves don't mean Tepper is throw Show less Read more
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