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Benzinga
Benzinga
Business
Surbhi Jain

YOU WONT BELIEVE: David teppers latest ai bet is coreweave - What They Never Told You

David Tepper AI CoreWeave Nasdaq Appaloosa NYSE Alphabet Appaloosa Management
Close-Up Of CoreWeave Logo And Name On Screen With Purple Backlight

David Tepper‘s latest portfolio update suggests the billionaire hedge fund manager is expanding his AI playbook beyond the industry’s familiar names.

While Appaloosa Management increased stakes in Nvidia Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) during the second quarter, its newest AI-related position was cloud infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV), underscoring a growing focus on the companies powering artificial intelligence rather than just building it.

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