David Tepper is selling household tech names and betting on the AI foundry leader instead.

Billionaire David Tepper of Appaloosa Management is known for his diversified investment strategy, which spans technology stocks and undervalued cyclical sectors poised for rapid recovery. He acts decisively when opportunities present and is not afraid to cut winning positions if he thinks the upside is priced in.

His latest move: reducing stakes in Broadcom ( AVGO 9.18% ) and Meta Platforms ( META 0.34% ) and adding 755,000 shares -- a 279.6% increase in its stake in Taiwan Semiconductor Manufacturing ( TSM 3.49% ) in the second quarter of 2025.

This decision does not take Tepper away from the artificial intelligence (AI) market. Instead, it has increased his exposur

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