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Tepper Bets Big on Amazon as Appaloosa Boosts Tech Holdings

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • David Tepper's Appaloosa Management boosted bets on megacap tech stocks in Q2, keeping Amazon as its largest holding at nearly $1.2 billion while rotating out of memory chipmakers.
  • However, reports highlight heavy AI capital commitments and cautious retail spending trends across big tech.
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