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Tepper's Fund Sells Oracle, Intel; Bets Big on AMD, Nvidia

12/3/2025

31 3 Full Breakdown

Summary

Story summary

David Tepper's Appaloosa Management sold all positions in Intel and Oracle in Q3 2025 due to Intel's slow transition and Oracle's high debt.
The fund invested $154 million in AMD, representing 2% of the portfolio.
The fund increased Nvidia holdings to 4.8%, reflecting Nvidia's 66% revenue growth.
AMD's data center revenue grew 22% year over year.
Analysts show support for Nvidia with 45 buy ratings versus 31 for AMD.

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Story summary

David Tepper's Appaloosa Management sold all positions in Intel and Oracle in Q3 2025 due to Intel's slow transition and Oracle's high debt.
The fund invested $154 million in AMD, representing 2% of the portfolio.
The fund increased Nvidia holdings to 4.8%, reflecting Nvidia's 66% revenue growth.
AMD's data center revenue grew 22% year over year.
Analysts show support for Nvidia with 45 buy ratings versus 31 for AMD.