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Benzinga
Benzinga
Business
Surbhi Jain

Forget Nvidia—Tepper Just Banked $57 Million On This Under-The-Radar AI Play

Nvidia David Tepper TSM Taiwan Semiconductor Manufacturing Co Appaloosa Appaloosa Management Nvidia Corp Semiconductor
Taiwan Semiconductor Manufacturing Co.

David Tepper, billionaire hedge fund manager at Appaloosa Management, is quietly reaping big rewards this summer. While Nvidia Corp (NASDAQ:NVDA) grabs headlines, Tepper's under-the-radar bet on Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) has surged nearly 25% in under three months, generating roughly $57 million in paper gains.

  • Track TSM stock here.
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