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Tepper Trims Micron to Boost TSMC as AI Chip Strategies Diverge

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The Story

News Summary

  • David Tepper's Appaloosa Management cut its Micron Technology stake by 41.4% in Q2 while raising Taiwan Semiconductor holdings for a sixth consecutive quarter.
  • The portfolio shift reflects a strategic preference for TSMC's diversified foundry durability over cyclical high-bandwidth memory exposure as AI demand expands.
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