Tepper’s AI Moves: Buying Chips, Selling Meta’s Golden Goose

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Artificial Intelligence is supposed to save us all, right? Or at least make someone obscenely rich. PwC’s estimating a $15.7 trillion GDP bump by 2030? Adorable. As if Wall Street won’t have already vacuumed up 90% of that before the rest of us even figure out which app to download.

But here’s the twist: the hedge fund geniuses who eat spreadsheets for breakfast can’t agree on who’ll actually deliver this AI utopia. Some are buying GPUs like they’re NFTs. Others are selling the obvious picks like they’ve seen the Matrix code.

Every 45 days after quarter-end, Wall Street’s wolves file their 13F forms with the SEC. It’s like their version of a group therapy session – full of lies about “long-term conviction” while desperately trying to hide their panic trades. But let’s peek behind the curtain anyway.

David Tepper, the guy who once bet his Armani suit on a meme stock (true story), decided to go full tech nerd this quarter. Managing $6.4B like it’s monopoly money, he snapped up Nvidia, TSMC, and Intel – while quietly dumping the AI stock everyone else is lusting after. The audacity.

Tepper’s AI shopping list: Chips, chips, and more chips

If you’re wondering what keeps a billionaire portfolio manager awake at night, it’s this: “What if the AI hardware guys finally stop pretending they’re not all-in on GPUs?” Tepper’s Q2 moves screamed “I’ve seen the spreadsheet.”

  • Nvidia: 1.45M shares (483% spike). Last time he touched this stock? He lost 97% of his position pre-split. Ouch. But hey, $600B market cap dips are just a sale tag for the man who once shorted Bitcoin on a Tinder date.
  • TSMC: 755K shares (280% up). Because nothing says “I’m bullish” like buying a company that’s basically the tattoo artist for every GPU in existence.

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    See, Tepper’s timing wasn’t magic – it was Trump’s tariff tantrum. Remember when he dropped those tariffs like a mic in April? Markets threw a tantrum. Then he paused them like a bad Tinder conversation, and suddenly everyone was buying AI’s broken toys. Tepper just happened to have a wheelbarrow ready.

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    Nvidia’s Hopper and Blackwell chips? The Beyoncé of enterprise data centers. TSMC’s CoWoS tech? The unsung hero packaging all that AI glory. And Intel? Let’s just say their $7.9B CHIPS Act payout might finally make them relevant again. Stranger things have happened.

    Meta: The AI darling getting axed from Tepper’s portfolio

    Now for the plot twist: Tepper sold 150K Meta shares. 27% gone. Poof. The stock that’s basically the “it” girl of billionaire portfolios? He ghosted it. Why?

    Maybe he thought, “We’ve ridden this rocket from $100 to $600. Let’s take some chips off the table.” Makes sense. But here’s the kicker – Meta’s still the most-owned AI stock by Wall Street’s sharpest minds. Selling it feels like dumping your high school sweetheart for crypto. Makes sense on paper, but you’ll wake up at 3 a.m. wondering what went wrong.

    Or maybe he’s worried about ads. 98% of Meta’s revenue? Advertising. And ads are the canary in the economic coal mine. Inflation’s still lurking. Jobs numbers are flirty with disaster. Maybe Tepper’s just tired of playing therapist to Mark Zuckerberg’s latest AI “vision board.”

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    But here’s why he’ll probably regret it: 3.48 billion daily users across Meta’s apps. That’s more eyeballs than a morgue. Their AI ad tools? Actually working. Generative AI that helps marketers craft messages? Ad click-through rates are rising, darling. Their P/E ratio isn’t cheap, but when you’ve got Zuckerberg’s army of coders playing with AI Legos, “cheap” feels irrelevant.

    So what’s the takeaway? Buy chips, sell the obvious? Or just follow Tepper’s real strategy: zig when everyone zags, then zag back when they’re not looking. Either way, the AI party’s still raging. Just bring a flask.

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2025-08-25 11:44