At Extreme Investor Network, we are always on the lookout for the latest and most promising investment opportunities. Today, we are excited to share with you some exclusive insights into the world of finance, focusing on the AI stock picks of billionaire investor David Tepper.
David Tepper is a prominent figure in the investment world, with a strong interest in artificial intelligence (AI) stocks. While his top holdings were once dominated by big tech companies like Amazon, Google, Microsoft, Meta Platforms, and Nvidia, Tepper has recently diversified his portfolio.
Here are three hidden gems that have caught Tepper’s eye amidst the big tech sell-off:
1. Alibaba Group Holding (NYSE: BABA)
Tepper has significantly increased his investment in Alibaba Group Holding, making it his biggest investment in the first quarter. With a stock surge of nearly 11% year-to-date, Alibaba’s appealing valuation and strong performance have drawn Tepper’s attention. The company’s aggressive expansion in the Chinese AI services market and promising growth potential make it a compelling investment opportunity.
2. Oracle Corp (NYSE: ORCL)
Tepper has raised his ownership in Oracle by over 74% in Q1, driving the stock to a top position in his portfolio. With Oracle’s cloud business showing strong momentum and a forward-earnings multiple that remains attractive, Tepper sees potential for growth in this AI-focused company.
3. PDD Holdings Inc (NASDAQ: PDD)
Tepper has also increased his investment in PDD Holdings, making it the ninth-largest holding in his portfolio. Despite a challenging first quarter, PDD has rallied impressively, showcasing impressive sales growth and profitability. With a focus on expanding its online marketplaces and strong valuation metrics, PDD presents a promising opportunity for long-term growth.
While these AI stocks offer significant growth potential, diversifying your investment portfolio with income-producing assets is essential. The Ascent Income Fund from EquityMultiple is a high-yield alternative investment that targets stable income from senior commercial real estate debt positions. With a historical distribution yield of 12.1% and flexible liquidity options, the Ascent Income Fund is a cornerstone investment for income-focused investors.
Don’t miss out on the opportunity to explore unique investment options and start generating a reliable, high-yield income stream. Visit Extreme Investor Network to learn more about the Ascent Income Fund and stay updated on the latest trends in the finance world.