Time: 2024-05-29
David Tepper, a renowned billionaire investor, has recently shifted his focus towards artificial intelligence (AI) stocks, with his top-10 holdings all related to this sector. While Tepper has reduced his stakes in big tech companies like Amazon, Alphabet Inc, and Nvidia, he has strategically invested in three hidden gems poised for growth.
One of Tepper's top picks is Alibaba Group Holding (NYSE:BABA), where he significantly increased his investment by 159% in the first quarter. With Alibaba's impressive year-to-date stock surge and promising valuations, Tepper's confidence in the Chinese tech giant seems well-placed. Additionally, Oracle Corp (NYSE:ORCL) and PDD Holdings Inc (NASDAQ:PDD) have also caught Tepper's eye, with substantial growth potential and strong performance indicators.
While Tepper's AI stock picks have the potential for substantial growth, diversifying your portfolio with income-producing assets is also essential. The Ascent Income Fund from EquityMultiple offers stable income from senior commercial real estate debt positions, providing a historical distribution yield of 12.1%. With a focus on first-mortgage loans and flexible liquidity options, the Ascent Income Fund is a reliable investment vehicle for income-focused investors.
Business
