David Tepper Latest News and Portfolio Changes: Top 5 Stocks

2. Intel Corporation (NASDAQ:INTC)

Appaloosa Management’s Latest Investment: $226 million

Intel Corporation (NASDAQ:INTC) is one of the biggest chip making companies in the world. While Mr. Tepper’s hedge fund might have scooped up 6.7 million of the chip maker’s shares during this year’s second quarter, analysts have rated Intel Corporation (NASDAQ:INTC)’s shares as Hold on average as the firm is in the midst of a turnaround plan to streamline its product design and manufacturing operations.

As of June 2023, 71 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in the firm. Intel Corporation (NASDAQ:INTC)’s biggest hedge fund investor is Israel Englander’s Millennium Management due to its $370 million stake.

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