Top 10 Growth Stocks in David Tepper’s Portfolio

8. NVIDIA Corporation (NASDAQ:NVDA)

Appaloosa Management LP’s Equity Stakes: $91.32 Million

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a technology giant that designs and supplies the much sought-after graphics processing units (GPUs) for artificial intelligence workloads. It is one of the top growth stocks in Appaloosa Management LP as it increasingly capitalizes on growth opportunities around gaming personal computers, cryptocurrency mining, and high-performance computing.

NVIDIA Corporation’s (NASDAQ:NVDA) revenue has more than doubled in the past two years amid strong demand for robust, advanced chips for artificial intelligence workloads. Likewise, analysts expect the growth momentum to continue in 2025, with revenues expected to increase by more than 50%.

On the other hand, management projects revenue growth of 65% as they ramp up the supply of the latest generation Blackwell processors. Earnings, meanwhile, are expected to increase by 50% despite the near-term margin pressure due to the ramping of Blackwell processors. With revenues growing at a compound annual growth rate (CAGR) of 69% over the previous three years, NVIDIA Corporation (NASDAQ:NVDA) has affirmed why it is one of the top growth stocks. As AI infrastructure spending grows, the company’s revenue base should receive a significant boost.