--- title: "This Billionaire Was Recently Loading Up on \"Magnificent Seven\" Stocks" type: "News" locale: "en" url: "https://longbridge.com/en/news/296509215.md" description: "Billionaire investor David Tepper has increased his holdings in several 'Magnificent Seven' stocks, including Amazon, Meta Platforms, Alphabet, and Nvidia. Tepper views these companies as strong investments due to their leadership in cloud computing, AI infrastructure, and e-commerce. Amazon benefits from AWS growth and AI integration; Meta offers value with high revenue growth and AI-driven ad efficiency; Alphabet leverages its TPUs and search dominance; and Nvidia remains a key player in AI chips with attractive valuation metrics." datetime: "2026-08-20T14:56:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296509215.md) - [en](https://longbridge.com/en/news/296509215.md) - [zh-HK](https://longbridge.com/zh-HK/news/296509215.md) generator: "portal-rs" --- # This Billionaire Was Recently Loading Up on "Magnificent Seven" Stocks Billionaire investor David Tepper of Appaloosa Management has made a name for himself as one of the world's top investment minds. The hedge fund manager is worth an estimated $23.7 billion, and he was recently busy selling high-flying memory stocks while adding to positions in several Magnificent Seven names. This includes **Amazon** (AMZN -1.55%), **Meta Platforms** (META -0.07%), **Alphabet** (GOOGL -0.69%) (GOOGL -0.69%), and **Nvidia** (NVDA +0.09%). Let's dive into why Tepper likely likes these stocks. ## Amazon Expand ![Amazon Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: AMZN Amazon Today's Change (-1.55%) $-4.12 Current Price $261.72 ### Key Data Points Market Cap $2.9TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $260.39 - $263.84 52wk Range $196.00 - $287.20 Volume 7M Avg Vol 49.8M Gross Margin 50.77% Tepper's largest position is in Amazon, representing over 15% of his portfolio, and he was adding more shares in Q2. It's easy to see why Tepper would like the stock. Amazon is both the market leader in cloud computing and e-commerce, and it's been showing strong growth in both areas. The company's cloud computing unit, AWS, has been seeing accelerating growth, with revenue climbing 37% year over year in Q2, its fastest growth in four and a half years. With a huge backlog, partnerships with Anthropic and OpenAI, and the company spending aggressively on high-return AI infrastructure projects, the strong growth should continue. Amazon also has an important custom chip business that is growing quickly, while it also uses the chips to help reduce its own internal inference costs. On the e-commerce side, the company is seeing great operating leverage come from its internal investments in robotics and AI. It's also developed a large high-margin digital ad business that continues to grow quickly. Between its cloud computing and e-commerce opportunities, Amazon is a top stock to own. ## Meta Platforms Expand ![Meta Platforms Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01FVEEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: META Meta Platforms Today's Change (-0.07%) $-0.38 Current Price $545.65 ### Key Data Points Market Cap $1.4TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $543.06 - $549.99 52wk Range $520.26 - $790.80 Volume 3M Avg Vol 18.4M Gross Margin 81.75% Dividend Yield 0.38% Tepper was also aggressively scooping up shares of **Meta Platforms** in the quarter. While some investors have been concerned about the company's AI infrastructure spending, it looks like one of the best values among megacap growth stocks. It has a forward P/E of 16 times 2027 analyst estimates, while it just grew its revenue by 28% in the second quarter. The company has one of the best flywheel business models out there for AI, with AI advancements helping both keep users on its sites longer and advertisers better reach and convert them into customers. Meta has also made strong progress with its newest AI models and is looking to become an important overall AI player. In addition, the company has a long runway of growth from it just starting to introduce ads to its Threads and WhatsApp platforms. ## Alphabet Expand ![Alphabet Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: GOOGL Alphabet Today's Change (-0.69%) $-2.38 Current Price $342.34 ### Key Data Points Market Cap $4.2TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $341.08 - $343.90 52wk Range $199.43 - $408.61 Volume 3.1M Avg Vol 32.2M Gross Margin 60.94% Dividend Yield 0.25% Alphabet is Tepper's fourth-largest holding, and he was adding to the position in Q2. Alphabet is the most complete AI company, having both its own top-tier chips and AI models. Its biggest advantage is its tensor processing units (TPUs), which it developed more than a decade ago and which it has built its entire hardware and software stack around. This gives it a cost edge for internal use and a nice margin boost from customers that opt for them with Google Cloud. It is also starting to let some large select customers like Anthropic deploy the chips in their own data centers. Meanwhile, Alphabet's core search business continues to grow nicely, with AI-powered features, like AI Mode and AI Overviews, helping drive query growth. It also owns one of the largest streaming services in the world, YouTube, and has a big emerging opportunity with its robotaxi business Waymo. A great set of emerging and leading businesses, Alphabet is a solid core holding. ![Artist rendering of a bull market.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84ODM5MjQvZ2V0dHlpbWFnZXMtMTQ3MjI5MjM0OS5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Getty Images ## Nvidia During Q2, Tepper also added to his Nvidia position, which is another top-10 holding. Nvidia has been the king of AI infrastructure, with its graphics processing units (GPUs) the main chips used to train AI models. Meanwhile, the company also has a nice opportunity in the inference market, where the combination of its GPUs and the language processing units (LPUs) it attained through its "acquisition" of Groq, gives it a unique end-to-end solution. With the stock cheap, trading at a forward P/E of 17.5 times fiscal 2028 (ending January 2028) analyst estimates, and continuing to grow rapidly, Nvidia looks like a nice buy at current levels. ### Related Stocks - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [GOU.US](https://longbridge.com/en/quote/GOU.US.md) - [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [AMZN vs. GOOGL: Rosenblatt Sees One Tech Stock as the 'Most Resilient Leader'](https://longbridge.com/en/news/296515598.md) - [VTIX: Orders up 150% post-Meta launch, gross margin hits 30%, and defense/enterprise momentum grows](https://longbridge.com/en/news/296508149.md) - [Amazon Thinks AI Is About to Change the Way We Shop. 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