<p>三十多年前，互联网的出现和普及代表了美国企业增长潜力的一次飞跃。尽管企业花费了数年时间将这一创新转变为强大的盈利工具，但投资者一直在等待下一个能够积极影响企业增长率的颠覆性趋势的到来。人工智能（AI）的演变似乎就是下一个飞跃。</p>
<p>企业正在自由地投资于必要的硬件和解决方案，以在各自行业中获得竞争优势。根据普华永道的估计，到 2030 年，全球国内生产总值预计将因人工智能而增长 26%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>但比起猜测人工智能能带我们去哪里，更有趣的是分析华尔街最聪明的资金经理如何在领先的人工智能股票中进行交易。</p>
<p>在一个季度结束后的 45 个日历日内，管理资产至少为 1 亿美元的机构投资者必须向证券交易委员会提交 13F 表格。13F 为投资者提供了一种跟踪华尔街最成功的资产管理者在最新季度买卖哪些股票、交易所交易基金（ETF）和选择权的方式。</p>
<p>尽管大多数投资者像鹰一样盯着沃伦·巴菲特的交易活动，但他并不是唯一一位拥有令人印象深刻业绩记录的亿万富翁基金经理。Appaloosa 的戴维·特普尔（David Tepper）目前管理着超过 80 亿美元的资产，是另一位亿万富翁投资者，值得密切关注。</p>
<p>特普尔非常看好人工智能的崛起，但他对购买和出售的人工智能股票非常挑剔。在过去两年中，特普尔已经将人工智能图形处理单元（GPU）领域的两大巨头拒之门外，同时最近又投资于华尔街万亿俱乐部的新成员之一。</p>
<h2>Appaloosa 的亿万富翁首席将英伟达和 AMD 的股票打包出售</h2>
<p>尽管在数据中心基础设施和所需的 AI-GPU 上花费了大量资金，以促进瞬息万变的决策和大型语言模型的训练，但 Appaloosa 的 13F 显示，特普尔一直是 <strong>英伟达</strong>（NVIDIA）和 <strong>超微半导体</strong>（AMD）的持续卖家，后者通常被称为 “AMD”。</p>
<p>考虑到英伟达在 2024 年 6 月进行的史上最大一次 10 比 1 的拆股，Appaloosa 在英伟达的持股从 2023 年 6 月 30 日的 1020 万股（拆股调整后）减少到 2025 年 3 月 31 日的仅 30 万股，下降幅度达到 97%！与此同时，特普尔在 AMD 的持股从 2023 年 6 月结束的季度的 231 万股减少到 2025 年 3 月 31 日的零股。</p>
<p>尽管对 AI-GPU 的需求强劲，但有几个原因可能解释为什么 Appaloosa 的亿万富翁投资者选择退出。</p>
<p>最明显的原因是特普尔可能在锁定收益。英伟达和 AMD 的股票在人工智能革命的炒作中飙升，而特普尔基金的平均持股时间不到 10 个季度（30 个月）。在两家公司历史性的上涨之后兑现收益是合理的。</p>
<p>令人担忧的是，这一卖出活动可能不仅仅是特普尔希望锁定收益的表现。</p>
<p>例如，存在一些监管问题，使得英伟达和 AMD 的投资风险加大。拜登和特朗普两届政府都限制了对中国（全球第二大经济体）出口先进 AI 芯片及相关设备。这些出口限制，加上特朗普总统的全球关税政策，威胁到 AI 硬件供应商的销售和/或利润率。</p>
<p>日益激烈的竞争是另一个可能让英伟达和超微半导体担忧的问题。只要 AI-GPU 的稀缺性持续存在，这两家公司就可以对其硬件收取溢价。但随着外部和内部竞争的加剧，这种稀缺性应该会随着时间的推移而减弱，从而削弱它们的定价能力。</p>
<p>最后，人工智能泡沫形成和破裂的潜在风险。几十年来，没有哪项颠覆性创新在扩张初期避免了泡沫。大多数企业尚未优化其 AI 解决方案，且尚未从 AI 投资中获得正回报，这表明 AI 距离成熟技术还有很长的路要走。如果历史重演，AI 泡沫破裂，像英伟达和 AMD 这样的硬件供应商将可能受到重创。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>戴维·特普尔在人工智能革命中似乎正在转变关注焦点</h2>
<p>尽管亿万富翁戴维·特普尔在最近几个季度减少了对关键 AI-GPU 供应商的投资，但他正在购买一只顶级的人工智能股票。具体来说，Appaloosa 的首席投资者在第一季度开设了 130,000 股的 <strong>博通</strong>（Broadcom）头寸。</p>
<p>全球仅有 11 家上市公司曾实现 1 万亿美元的估值，其中 10 家在美国交易所上市。博通是这些达到这一心理重要阈值的精英企业中较新的成员之一。</p>
<p>博通的股票在两年前开始加速上涨，这得益于其推出的 Jericho3-AI 架构。博通在人工智能领域的核心角色是连接大量 GPU，以最大化其计算能力并最小化尾延迟。换句话说，博通的解决方案旨在加快人工智能驱动的软件和系统所需的瞬时决策。</p>
<p>博通目前的增长和净销售额主要来自人工智能及其先进芯片的崛起。在截至 2024 年 11 月 3 日的 2024 财年中，博通实现了 516 亿美元的销售额，其中约 122 亿美元来自与人工智能相关的收入。到 2027 财年，首席执行官霍克·谭预计与人工智能相关的销售额将跃升至 600 亿至 900 亿美元，原因是少数超大规模客户的支出增长。</p>
<p>但博通对特普尔如此有吸引力的原因可能在于其多元化的业务。毫无疑问，人工智能是推动博通销售和利润增长的燃料。然而，博通也是下一代智能手机中无线芯片和配件的主要供应商之一。无线供应商扩大其 5G 网络的覆盖范围，导致智能手机更换周期持续，博通的解决方案需求健康。</p>
<p>除了在智能手机无线芯片领域扮演关键角色外，博通还为工业部门提供各种解决方案，并且是网络安全解决方案提供商赛门铁克的母公司。</p>
<p>此外，博通还依靠收购来扩展其产品和服务生态系统。例如，2023 年 11 月以 690 亿美元收购云计算和虚拟化软件公司 VMware，使其更好地定位为管理私有和混合云应用程序的企业基础设施技术主要参与者。</p>
<p>如果人工智能泡沫破裂，博通预计将在科技股面临的挑战环境中，比英伟达或 AMD 表现得更好。</p>

英伟达

2 倍做多英伟达 ETF - GraniteShares

南方两倍做多英伟达

南方两倍做空英伟达

英伟达期权收益策略 ETF - YieldMax

1 倍做空英伟达 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

半导体 3 倍做多 - Direxion

<p>亿万富翁大卫·泰珀（David Tepper）已出售了阿帕卢萨（Appaloosa）在英伟达（Nvidia）中的 97% 股份，并完全清仓了在 AMD 的持仓，转而关注一只新的万亿级人工智能股票。泰珀的出售可能是由于在价格大幅上涨后锁定收益、监管担忧以及人工智能 GPU 市场竞争加剧。人工智能泡沫的潜在风险也给英伟达和 AMD 带来了挑战，因为许多企业尚未优化其人工智能投资。泰珀的举动反映了在不断变化的人工智能环境中战略的转变</p>

<p>More than 30 years ago, the advent and proliferation of the internet represented a leap forward in growth potential for corporate America. Although it took years for businesses to turn this innovation into a powerful moneymaking tool, investors have been waiting a long time for the next game-changing trend to come along that can positively impact the corporate growth rate. The evolution of artificial intelligence (AI) looks to be this next leap forward.</p>
<div class="lb-trans"><p>三十多年前，互联网的出现和普及代表了美国企业增长潜力的一次飞跃。尽管企业花费了数年时间将这一创新转变为强大的盈利工具，但投资者一直在等待下一个能够积极影响企业增长率的颠覆性趋势的到来。人工智能（AI）的演变似乎就是下一个飞跃。</p>
</div><p>Businesses are freely spending on the hardware and solutions necessary to gain a competitive edge within their respective industries. Based on estimates from PwC, global gross domestic product is expected to jump by 26% come 2030 solely because of AI.</p>
<div class="lb-trans"><p>企业正在自由地投资于必要的硬件和解决方案，以在各自行业中获得竞争优势。根据普华永道的估计，到 2030 年，全球国内生产总值预计将因人工智能而增长 26%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822493%2Fmoney-manager-stock-chart-reflection-glasses-laptop-buy-sell-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>But what's even more interesting than speculating about where AI can take us is analyzing how Wall Street's smartest money managers have approached their trading activity in leading AI stocks.</p>
<div class="lb-trans"><p>但比起猜测人工智能能带我们去哪里，更有趣的是分析华尔街最聪明的资金经理如何在领先的人工智能股票中进行交易。</p>
</div><p>No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in assets under management (AUM) are required to file Form 13F with the Securities and Exchange Commission. A 13F offers a way for investors to track which stocks, exchange-traded funds (ETFs), and select options Wall Street's most-successful asset managers bought and sold in the latest quarter.</p>
<div class="lb-trans"><p>在一个季度结束后的 45 个日历日内，管理资产至少为 1 亿美元的机构投资者必须向证券交易委员会提交 13F 表格。13F 为投资者提供了一种跟踪华尔街最成功的资产管理者在最新季度买卖哪些股票、交易所交易基金（ETF）和选择权的方式。</p>
</div><p>Though most investors track Warren Buffett's trading activity like a hawk, he's not the only billionaire fund manager with an impressive track record. David Tepper of Appaloosa, who's currently overseeing north of $8 billion in AUM, is another billionaire investors wisely pay close attention to.</p>
<div class="lb-trans"><p>尽管大多数投资者像鹰一样盯着沃伦·巴菲特的交易活动，但他并不是唯一一位拥有令人印象深刻业绩记录的亿万富翁基金经理。Appaloosa 的戴维·特普尔（David Tepper）目前管理着超过 80 亿美元的资产，是另一位亿万富翁投资者，值得密切关注。</p>
</div><p>Tepper is a big fan of the rise of AI, but he's been quite picky about the artificial intelligence stocks he's buying and selling. Over the last two years, Tepper has shown two of the biggest players in the AI-graphics processing unit (GPU) space to the door, all while recently diving into one of the newest members of the trillion-dollar club on Wall Street.</p>
<div class="lb-trans"><p>特普尔非常看好人工智能的崛起，但他对购买和出售的人工智能股票非常挑剔。在过去两年中，特普尔已经将人工智能图形处理单元（GPU）领域的两大巨头拒之门外，同时最近又投资于华尔街万亿俱乐部的新成员之一。</p>
</div><h2>Appaloosa's billionaire chief sends shares of Nvidia and AMD packing</h2>
<div class="lb-trans"><h2>Appaloosa 的亿万富翁首席将英伟达和 AMD 的股票打包出售</h2>
</div><p>Despite abundant spending on data-center infrastructure and the AI-GPUs needed to facilitate split-second decisions and the training of large language models, Appaloosa's 13Fs have shown Tepper to be a persistent seller of shares of <strong>Nvidia</strong>(NVDA 0.33%) and <strong>Advanced Micro Devices</strong>(AMD 1.17%), which is best known as &#34;AMD.&#34;</p>
<div class="lb-trans"><p>尽管在数据中心基础设施和所需的 AI-GPU 上花费了大量资金，以促进瞬息万变的决策和大型语言模型的训练，但 Appaloosa 的 13F 显示，特普尔一直是 <strong>英伟达</strong>（NVIDIA）和 <strong>超微半导体</strong>（AMD）的持续卖家，后者通常被称为 “AMD”。</p>
</div><p>Taking into account Nvidia's largest-ever forward split (10-for-1) in June 2024, Appaloosa's stake in Nvidia has shrunk from 10.2 million split-adjusted shares, as of June 30, 2023, to just 300,000 shares by March 31, 2025 -- a decline of 97%! Meanwhile, Tepper's position in AMD was whittled down from a peak of 2.31 million shares in the June-ended quarter in 2023 to no shares remaining, as of March 31, 2025.</p>
<div class="lb-trans"><p>考虑到英伟达在 2024 年 6 月进行的史上最大一次 10 比 1 的拆股，Appaloosa 在英伟达的持股从 2023 年 6 月 30 日的 1020 万股（拆股调整后）减少到 2025 年 3 月 31 日的仅 30 万股，下降幅度达到 97%！与此同时，特普尔在 AMD 的持股从 2023 年 6 月结束的季度的 231 万股减少到 2025 年 3 月 31 日的零股。</p>
</div><p>While demand for AI-GPUs has been robust, there are a couple of reasons that may help explain why Appaloosa's billionaire investor headed for the exit.</p>
<div class="lb-trans"><p>尽管对 AI-GPU 的需求强劲，但有几个原因可能解释为什么 Appaloosa 的亿万富翁投资者选择退出。</p>
</div><p>The most obvious of these reasons is that Tepper might have been locking in gains. Shares of Nvidia and AMD both soared amid the hype of the AI revolution, and the average holding in Tepper's fund has stuck around for less than 10 quarters (30 months). Cashing in his chips following a historic run-up for both companies would make sense.</p>
<div class="lb-trans"><p>最明显的原因是特普尔可能在锁定收益。英伟达和 AMD 的股票在人工智能革命的炒作中飙升，而特普尔基金的平均持股时间不到 10 个季度（30 个月）。在两家公司历史性的上涨之后兑现收益是合理的。</p>
</div><p>The concern is there may be more to this selling activity than Tepper's desire to lock in gains.</p>
<div class="lb-trans"><p>令人担忧的是，这一卖出活动可能不仅仅是特普尔希望锁定收益的表现。</p>
</div><p>For example, there are regulatory issues at play that make Nvidia and AMD somewhat risky investments. Both the Joe Biden and Donald Trump administrations restricted exports of advanced AI chips and related equipment to China, which is the world's No. 2 economy. These export restrictions, coupled with President Trump's global tariff policy, threaten to reduce sales and/or margins for AI hardware providers.</p>
<div class="lb-trans"><p>例如，存在一些监管问题，使得英伟达和 AMD 的投资风险加大。拜登和特朗普两届政府都限制了对中国（全球第二大经济体）出口先进 AI 芯片及相关设备。这些出口限制，加上特朗普总统的全球关税政策，威胁到 AI 硬件供应商的销售和/或利润率。</p>
</div><p>Increasing competition is another potential worry for Nvidia and Advanced Micro Devices. As long as AI-GPU scarcity persists, both companies can charge a premium for their hardware. But with external and internal competition picking up, this scarcity should wane over time and whittle away their pricing power.</p>
<div class="lb-trans"><p>日益激烈的竞争是另一个可能让英伟达和超微半导体担忧的问题。只要 AI-GPU 的稀缺性持续存在，这两家公司就可以对其硬件收取溢价。但随着外部和内部竞争的加剧，这种稀缺性应该会随着时间的推移而减弱，从而削弱它们的定价能力。</p>
</div><p>Lastly, there's the potential for an AI bubble forming and bursting. There hasn't been a game-changing innovation in decades that's avoided a bubble early in its expansion phase. The fact that most businesses haven't yet optimized their Ai solutions and aren't generating a positive return on their AI investments suggests AI is a long way from being a mature technology. If history were to repeat and the AI bubble bursts, hardware providers like Nvidia and AMD would, presumably, be hit hard.</p>
<div class="lb-trans"><p>最后，人工智能泡沫形成和破裂的潜在风险。几十年来，没有哪项颠覆性创新在扩张初期避免了泡沫。大多数企业尚未优化其 AI 解决方案，且尚未从 AI 投资中获得正回报，这表明 AI 距离成熟技术还有很长的路要走。如果历史重演，AI 泡沫破裂，像英伟达和 AMD 这样的硬件供应商将可能受到重创。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0OTMvZGF0YS1jZW50ZXItZW5naW5lZXItZ3B1LWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWNsb3VkLXNlcnZlci1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822493%2Fdata-center-engineer-gpu-artificial-intelligence-ai-cloud-server-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>David Tepper appears to be shifting his focus amid the AI revolution</h2>
<div class="lb-trans"><h2>戴维·特普尔在人工智能革命中似乎正在转变关注焦点</h2>
</div><p>Though billionaire David Tepper hasn't been shy about reducing his fund's exposure to key AI-GPU providers in recent quarters, there is one premier artificial intelligence stock he's buying. Specifically, Appaloosa's head investor opened a 130,000-share position in AI-networking specialist <strong>Broadcom</strong>(AVGO 1.50%) during the first quarter.</p>
<div class="lb-trans"><p>尽管亿万富翁戴维·特普尔在最近几个季度减少了对关键 AI-GPU 供应商的投资，但他正在购买一只顶级的人工智能股票。具体来说，Appaloosa 的首席投资者在第一季度开设了 130,000 股的 <strong>博通</strong>（Broadcom）头寸。</p>
</div><p>Only 11 publicly traded companies worldwide have ever achieved a $1 trillion valuation, 10 of which trade on U.S. exchanges. Broadcom is one of the more recent of these elite businesses to hit this psychologically important threshold.</p>
<div class="lb-trans"><p>全球仅有 11 家上市公司曾实现 1 万亿美元的估值，其中 10 家在美国交易所上市。博通是这些达到这一心理重要阈值的精英企业中较新的成员之一。</p>
</div><p>Broadcom stock really began to pick up steam two years ago, following its introduction of the Jericho3-AI fabric. Broadcom's integral role in the AI arena is to connect large numbers of GPUs to maximize their compute capabilities and minimize tail latency. In other words, Broadcom's solutions are designed to expedite the split-second decision-making required of AI-driven software and systems.</p>
<div class="lb-trans"><p>博通的股票在两年前开始加速上涨，这得益于其推出的 Jericho3-AI 架构。博通在人工智能领域的核心角色是连接大量 GPU，以最大化其计算能力并最小化尾延迟。换句话说，博通的解决方案旨在加快人工智能驱动的软件和系统所需的瞬时决策。</p>
</div><p>The bulk of Broadcom's growth and net sales are currently derived from the rise of AI and its advanced chips. In fiscal 2024, which ended on Nov. 3, 2024, it delivered $51.6 billion in sales, with approximately $12.2 billion coming from AI-related revenue. By fiscal 2027, CEO Hock Tan sees AI-related sales jumping to between $60 billion and $90 billion due to spending growth from a small number of hyperscale customers.</p>
<div class="lb-trans"><p>博通目前的增长和净销售额主要来自人工智能及其先进芯片的崛起。在截至 2024 年 11 月 3 日的 2024 财年中，博通实现了 516 亿美元的销售额，其中约 122 亿美元来自与人工智能相关的收入。到 2027 财年，首席执行官霍克·谭预计与人工智能相关的销售额将跃升至 600 亿至 900 亿美元，原因是少数超大规模客户的支出增长。</p>
</div><p>But what might make Broadcom so attractive to Tepper is its diversified operations. Make no mistake about it, AI is the fuel that's accelerated Broadcom's sales and profit growth. However, it's also one of the leading providers of wireless chips and accessories used in next-generation smartphones. Wireless providers expanding the reach of their 5G networks has led to a consistent smartphone replacement cycle and healthy demand for Broadcom's solutions.</p>
<div class="lb-trans"><p>但博通对特普尔如此有吸引力的原因可能在于其多元化的业务。毫无疑问，人工智能是推动博通销售和利润增长的燃料。然而，博通也是下一代智能手机中无线芯片和配件的主要供应商之一。无线供应商扩大其 5G 网络的覆盖范围，导致智能手机更换周期持续，博通的解决方案需求健康。</p>
</div><p>In addition to being a key player in wireless chips for smartphones, it also provides an assortment of solutions to the industrial sector and is the parent of cybersecurity solutions provider Symantec.</p>
<div class="lb-trans"><p>除了在智能手机无线芯片领域扮演关键角色外，博通还为工业部门提供各种解决方案，并且是网络安全解决方案提供商赛门铁克的母公司。</p>
</div><p>Furthermore, Broadcom has leaned on acquisitions as a means to expand its product and service ecosystem. For instance, its mammoth $69 billion buyout of cloud and virtualization software company VMware in November 2023 better positioned it to become a major infrastructure technology player for businesses managing applications across private and hybrid clouds.</p>
<div class="lb-trans"><p>此外，博通还依靠收购来扩展其产品和服务生态系统。例如，2023 年 11 月以 690 亿美元收购云计算和虚拟化软件公司 VMware，使其更好地定位为管理私有和混合云应用程序的企业基础设施技术主要参与者。</p>
</div><p>If the AI bubble were to burst, Broadcom would be expected to navigate a challenging environment for tech stocks far better than Nvidia or AMD.</p>
<div class="lb-trans"><p>如果人工智能泡沫破裂，博通预计将在科技股面临的挑战环境中，比英伟达或 AMD 表现得更好。</p>
</div>

Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock

- 人工智能被视为推动企业增长的下一个重要趋势。  
- 大卫·泰珀减少对 Nvidia 和 AMD 的投资，同时增持 Broadcom 股票。  
- Broadcom 预计 AI 相关销售将大幅增长，且业务多元化降低风险。  

亿万富翁大卫·泰珀出售了阿帕卢萨 97% 的英伟达股份以及他在 AMD 的全部持仓，转而投资于这只市值达万亿美元的人工智能股票