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Billionaire David Tepper Has 16% of His $7.5 Billion Appaloosa Portfolio in Amazon Stock. Is It Still a Buy?
The Motley Fool·
David Tepper's Appaloosa Management increased its Amazon position by 15.8% in Q2, with Amazon now representing 16% of the $7.5 billion portfolio. The move reflects a pivot from AI infrastructure plays to hyperscaler stocks. While AWS showed strong 37% revenue growth driven by AI infrastructure demand, Amazon trades at a 22x forward earnings multiple. The bull case hinges on continued AI-driven growth, though an AI bubble burst could significantly impact the stock.
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