Tepper’s Tech Bets Shift as Memory Stocks Slip

David Tepper’s fund, Appaloosa, went big on the Magnificent Seven in the second quarter. He added more Amazon shares, pushing the holding past $1.2 billion. Meta’s stake grew nearly 55%, now worth about $380 million. Alphabet rose almost 7%, valued at over $660 million. Apple got a new position worth more than $240 million. All of these moves show a clear tilt toward top‑tier tech names.

He also dumped a chunk of Micron Technology, cutting the position by more than 41%. Even though Micron was still his second‑largest holding at roughly $1.1 billion, the sell‑off was notable. He closed out a Sandisk stake worth over $400 million. Shares of Sandisk fell about 28% in Q3 after a huge jump earlier. Other memory‑chip names like Corning, L3Harris and RTX were also sold. The pattern shows he was watching the memory‑chip slump before it got worse.

Outside the chip world, he bought Boeing for about $173 million. American Airlines got a $136 million stake. These airline bets contrast with the tech focus. The mix shows a spread across sectors.

Micron’s own story is wild: it jumped 240% in Q2, its biggest quarter ever. But since early July the stock has dropped about 16%. Analysts still see about 51% upside in the next year, with an average buy rating. Even with the dip, the stock is up 240% for the year. The volatility hints that the memory‑chip rally may be cooling.