Billionaire David Tepper Piles into Nvidia, TSMC, and Intel, Sells Shares of No. 1 AI Stock Among Billionaire Fund Managers

Billionaire David Tepper has increased his stakes in Nvidia, TSMC, and Intel, but sold shares of the top AI stock among billionaire fund managers. Tepper's buying activity in AI hardware companies, such as Nvidia and TSMC, has increased, while his stake in the top AI stock has decreased. The buying activity in Nvidia is particularly notable, given Tepper had overseen a 97% reduction in his fund's position in less than two years.

Billionaire David Tepper, the founder of Appaloosa Management, has been making significant moves in the AI hardware sector. According to recent SEC disclosures, Tepper has increased his stakes in Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company (TSMC), and Intel (INTC), while reducing his position in the top AI stock among billionaire fund managers. This shift in investment strategy reflects Tepper's views on the evolving landscape of AI hardware and the potential of these companies to drive growth.

Tepper's buying activity in Nvidia is particularly notable. He increased his position in the company by nearly 500% during the second quarter of 2025, despite having overseen a 97% reduction in his fund's position in less than two years [2]. This turnaround in Tepper's stance on Nvidia indicates a change in his assessment of the company's potential, possibly driven by advancements in AI technology and the increasing demand for high-performance computing.

In addition to Nvidia, Tepper has also increased his stake in TSMC, another key player in the AI hardware sector. TSMC's decision to exit gallium nitride (GaN) manufacturing has opened up opportunities for companies like Navitas Semiconductor, which is now positioned as a critical bridge between Taiwan's remaining foundry capacity and Nvidia's demand for high-performance AI servers [2]. This strategic move by TSMC has made Navitas an attractive investment for Tepper, as the company's unique position in the market presents opportunities for long-term growth and success.

Intel has also seen increased interest from Tepper. The company's recent turnaround, driven by new leadership and strategic corporate restructuring, has caught the attention of many hedge fund leaders, including Tepper. His decision to increase his stake in Intel reflects his confidence in the company's ability to execute its turnaround plan and regain market share [3]. This move is supported by the Trump administration's consideration of a 10% stake in Intel, as well as significant foreign investment from SoftBank.

While Tepper has been increasing his stakes in these AI hardware companies, he has reduced his position in the top AI stock among billionaire fund managers. This shift in investment strategy suggests that Tepper is focusing on the underlying technology and infrastructure that drive AI innovation, rather than the stocks that benefit directly from AI advancements. His buying activity in Nvidia, TSMC, and Intel indicates a long-term view on the potential of these companies to shape the future of AI technology.

In conclusion, David Tepper's investment strategy reflects his belief in the long-term potential of AI hardware companies. His increased stakes in Nvidia, TSMC, and Intel, along with his reduced position in the top AI stock, suggest that he is focusing on the underlying technology and infrastructure that drive AI innovation. As the AI hardware sector continues to evolve, Tepper's investment strategy may provide valuable insights into the future of AI technology and the companies that will shape its development.

References:
[1] https://www.cnbc.com/2025/08/21/billionaire-family-offices-stocks-tariffs.html
[2] https://www.ainvest.com/news/navitas-emerges-key-player-tsmc-gan-exit-nvidia-demand-capacity-2508/
[3] https://www.benzinga.com/markets/tech/25/08/47216583/trump-goes-from-intel-critic-to-cheerleader-in-record-time-tepper-saw-it-coming