This Billionaire Is Selling AI Stocks, Including Nvidia

By Travis Hoium – Mar 4, 2024 at 11:30AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,193B

Today's Change

(6.18%) $51.03

Current Price

$877.35

Price as of April 26, 2024, 4:00 p.m. ET

David Tepper's portfolio includes fewer artificial intelligence stocks than it did a few months ago.

Billionaire David Tepper has a way of beating the rest of the market to major investing trends, and artificial intelligence was no exception. He rode Nvidia (NVDA 6.18%) and Microsoft (MSFT 1.82%) over the past year, but now he's selling.

In this video, Travis Hoium shows how Tepper's portfolio has changed and what he may be seeing in the market.

*Stock prices used were end-of-day prices of March 2, 2024. The video was published on March 3, 2024.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and MGM Resorts International. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, Oracle, and Uber Technologies. The Motley Fool recommends Alibaba Group and United Parcel Service and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.