Billionaire David Tepper Sells Oracle, Micron, and Intel, and Buys an AI Stock Up 31,000% Since Its IPO

• Tepper is taking gains connected immoderate of the biggest winners successful his portfolio.

• This chipmaker has a wide portfolio crossed aggregate segments that could each payment from the rising usage of ample connection models.

• The banal trades astatine a precise debased valuation comparative to different AI chipmakers.

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Billionaire David Tepper loves a bully turnaround story. He made his luck arsenic a maestro of investing successful distressed indebtedness done his hedge fund, Appaloosa Management. The value-focused contrarian attack Tepper takes with his investments has continued to service him good arsenic helium expanded it to equities.

True to form, the fund's astir caller 13F filing with the SEC showed important income of stocks that person seen their stock prices soar. These stocks, which person mostly capitalized connected the artificial quality (AI) trend, see Micron Technology (NASDAQ: MU), Oracle (NYSE: ORCL), and Intel (NASDAQ: INTC).

With the profits, Tepper reinvested successful different AI banal that hasn't rather taken disconnected yet, but that could go a cardinal supplier of AI chips crossed assorted signifier factors implicit the adjacent fewer years. While its banal is up 31,000% from its archetypal nationalist offering (IPO) successful the aboriginal '90s, it's traded sideways for the past 2 years. Here's what whitethorn person pushed Tepper to marque the displacement successful his portfolio.

Tepper apt made a important summation connected his Intel acquisition successful conscionable a fewer months. Its assets whitethorn person looked undervalued successful the 2nd quarter. Despite soaring semiconductor demand, Intel had seen its banal fall, arsenic it struggled to pull customers to its foundry concern and nutrient compelling technological gains. Tepper's acquisition came arsenic the banal had fallen considerably from its precocious 2023 and aboriginal 2024 precocious price.

In August, however, the U.S. authorities announced the acquisition of a involvement successful Intel, sending the stock terms higher. With authorities backing, Intel looked to beryllium connected coagulated footing, and it whitethorn person a longer runway to find a important lawsuit for its next-gen semiconductor manufacturing process. The banal instantly spiked, and Tepper was astute to instrumentality gains. That said, the banal has continued climbing successful 2026. It's present backmost adjacent its 2023 high. At its existent valuation and with important uncertainty, it looks similar a banal to avoid.

Likewise, Tepper started investing successful Oracle successful precocious 2023, possibly seeing an underappreciated AI infrastructure company. While the banal made dependable gains done 2024, starring him to instrumentality a ample information of his concern disconnected the array successful aboriginal 2025, the banal skyrocketed higher successful the 2nd and 3rd quarters past year.