David Tepper Latest News and Portfolio Changes: Top 5 Stocks

Page 5 of 5

1. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Appaloosa Management’s Latest Investment: $263 million

Advanced Micro Devices, Inc. (NASDAQ:AMD) is the seventh semiconductor firm on our list, showing that David Tepper has decided to go all in on the chip sector as valuations remain depressed due to an inventory glut and a troubling market environment. Analysts believe that the stock might be undervalued by as much as 30% based on the average share price target of $137.03.

112 out of the 910 hedge funds part of Insider Monkey’s database had invested in Advanced Micro Devices, Inc. (NASDAQ:AMD) during Q2 2023. Ken Fisher’s Fisher Asset Management owns the largest stake among these, which is worth $3 billion and comes through 26.9 million shares.

Follow Advanced Micro Devices Inc (NASDAQ:AMD)

Disclosure: None. You can also take a look at 16 Best Growth Stocks To Buy According To Hedge Funds and 14 Best SaaS Stocks To Buy Now.

Follow Insider Monkey on Twitter

Page 5 of 5