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David Tepper's Appaloosa Management Builds $305 Million Nvidia Stake

BullishMedium impact
NVDA$229.28 −0.52%CRWV$82.08 0.61%TSM$453.31 −1.02%AMZN$262.43 3.29%GOOGL$351.66 0.97%GOOG$347.86 0.87%

Hedge fund Appaloosa Management has accumulated 1.525 million shares in Nvidia Corp. (NVDA), establishing a position worth $305.1 million at the close of the recent quarter. The major buy represents a notable pivot for fund founder David Tepper, who had expressed hesitation about valuation and long-term earnings forecasting for chipmakers before reducing over 80% of his firm's Nvidia holdings in mid-2024.

The disclosure highlights a broader shift toward expanding exposure to hardware supporting artificial intelligence infrastructure. After lowering its Nvidia investment to roughly $85 million in 2024, Appaloosa began expanding its holding again, including a 483% boost in October 2025 by purchasing 1.4 million shares. Beyond Nvidia, the manager boosted stakes in major tech peers like Taiwan Semiconductor Manufacturing Co. (TSM), Amazon.com (AMZN), and Alphabet Inc. (GOOGL), while initiating a fresh investment in AI provider CoreWeave Inc. (CRWV).

Market participants will track upcoming regulatory filings to determine if institutional managers maintain their large artificial intelligence investments amid evolving demand forecasts. Shares of Nvidia are up 22.94% so far this year, closing slightly lower by 0.52% at $229.30.

Key points

  • Appaloosa Management accumulated 1.525 million Nvidia shares valued at $305.1 million by the end of the quarter.
  • David Tepper previously slashed over 80% of the hedge fund's Nvidia stake in 2024 over valuation concerns.
  • The fund rapidly expanded its Nvidia holding with a 483% purchase of 1.4 million shares in October 2025.
  • Appaloosa also raised stakes in Taiwan Semiconductor, Amazon, and Alphabet while adding a new position in CoreWeave.
  • Nvidia stock traded down 0.52% to $229.30 on Friday, maintaining a 22.94% gain for the year.

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Questions and answers

How many Nvidia shares does Appaloosa Management own?

Appaloosa Management holds 1.525 million Nvidia shares, worth $305.1 million at the end of the quarter.

Why did David Tepper previously reduce his Nvidia holdings?

In 2024, David Tepper trimmed over 80% of Appaloosa's Nvidia stake due to uncertainty regarding AI computing demand, valuation, and long-term earnings clarity.

What other AI and technology stocks did Appaloosa buy?

Appaloosa increased its stakes in Taiwan Semiconductor Manufacturing, Amazon.com, and Alphabet, while taking a new position in CoreWeave.