Billionaire David Tepper Sells Nvidia Stock and Buys an AI Stock Up 700% Since Early 2023

Shares of Nvidia (NASDAQ: NVDA) and Vistra (NYSE: VST) have surged 860% and 700%, respectively, since the beginning of 2023. Both companies have benefited from the artificial intelligence (AI) boom despite operating in very different parts of the economy. But billionaire David Tepper, the hedge fund manager at Appaloosa Management, sold one and bought the other in the third quarter, as detailed below:Appaloosa is one of the 15 most successful hedge funds in history as measured by net gains since inception, according to LCH Investments. That makes Tepper a good source of inspiration. But the trades above were made in the third quarter, which ended several months ago. And the next update isn't due until mid-February.In the meantime, here's a more current look at Nvidia and Vistra.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool