<p>在過去三年中，人工智能（AI）硬件和軟件解決方案的發展主導了華爾街的新聞報道，原因顯而易見。根據普華永道分析師的一個估計，到 2030 年，人工智能可以使全球國內生產總值增加 15.7 萬億美元。這是一個足夠大的蛋糕，許多公司都能從中受益。</p>
<p>然而，華爾街最精明的資金經理對處於人工智能革命前沿的公司發出了混合信號。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<p>在每個季度結束後的 45 個日曆日內，管理資產至少為 1 億美元的機構投資者需要向證券交易委員會提交 13F 表格。該文件提供了一個易於理解的佈局，顯示華爾街頂級基金經理在最新季度（在本例中為 6 月結束的季度）購買和出售了哪些股票、交易所交易基金（ETF）和特定期權。</p>
<p>Appaloosa 的億萬富翁資金經理大衞·泰珀（David Tepper）管理着超過 64 億美元的資產，在人工智能領域尤其活躍。在第二季度，泰珀批准購買 <strong>Nvidia</strong>（NVDA 1.65%）、<strong>台灣半導體制造公司</strong>（TSM 2.58%，通常稱為 “TSMC”）和 <strong>英特爾</strong>（INTC 5.53%），但卻果斷出售了一隻被億萬富翁基金經理視為 “傑出” 的股票。</p>
<h2>Appaloosa 的億萬富翁首席投資官關注 AI 硬件股票</h2>
<p>如果説在第二季度大衞·泰珀的購買活動中有一個主題，那就是 “AI 硬件”。負責 AI 加速數據中心核心技術的領先企業無疑是 Appaloosa 首席的關注對象：</p>
<ul>
<li><strong>Nvidia</strong>：購買 1,450,000 股（比 2025 年 3 月 31 日增加 483%）。</li>
<li><strong>TSMC</strong>：購買 755,000 股（比 2025 年 3 月 31 日增加 280%）。</li>
<li><strong>Intel</strong>：購買 8,000,000 股（新頭寸）。</li>
</ul>
<p>考慮到泰珀在不到兩年的時間裏對其基金在 Nvidia 的持倉減少了 97%，這次對 Nvidia 的購買活動尤其引人注目，計算時需考慮 Nvidia 在 2024 年 6 月進行的歷史性 10 比 1 股票拆分。</p>
<p>這次購買活動的主要催化劑可能是華爾街因關税引發的迷你崩盤。特朗普總統於 4 月 2 日公佈了他的關税和貿易政策，其中包括 10% 的全球關税，並對特定國家引入了更高的 “互惠關税”。最初，這些關税讓市場感到恐慌，導致了歷史性的多日拋售。</p>
<p>然而，自特朗普總統於 4 月 9 日宣佈對互惠關税暫停 90 天以來，市場一直是多頭的綠燈。那些湧入被打壓的 AI 股票的投資者受益匪淺，他們能夠以許多季度甚至多年未見的前瞻性市盈率購買高增長股票。</p>
<p>此外，Nvidia 和 TSMC 的前景都非常強勁。Nvidia 的 Hopper（H100）和 Blackwell 圖形處理單元（GPU）在企業數據中心中佔據了相當大的比例。</p>
<p>與此同時，TSMC 正在迅速擴大其晶圓級封裝（CoWoS）產能，以滿足對 AI-GPU 的似乎無法滿足的企業需求。TSMC 的 CoWoS 是 AI 加速數據中心中高帶寬內存封裝所必需的技術。</p>
<p>至於英特爾，泰珀可能將其視為一個價值導向的買入機會。英特爾的交易價格低於其賬面價值，並在 2024 年獲得了拜登政府近 79 億美元的 CHIPS 法案資金，用於在國內建設芯片製造廠。最終的轉型將使英特爾成長為全球領先的芯片代工廠之一，加上其來自中央處理單元的傳統現金流，可能使公司隨着時間的推移重新塑造自己。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>億萬富翁大衞·泰珀將基金經理最愛的 AI 股票送上了砧板</h2>
<p>在另一個極端，泰珀的 Appaloosa 在 6 月結束的季度完全退出了五個頭寸（不包括期權），並減少了 16 個其他頭寸。這包括出售 150,000 股社交媒體巨頭和 “傑出七” 成員 <strong>Meta Platforms</strong>（META 2.04%），這使 Appaloosa 的持倉在短短三個月內減少了 27%。</p>
<p>使這次出售活動令人困惑的是，沒有其他 AI 股票比 Meta 更受億萬富翁資產經理的青睞。截至 3 月底，Meta 是華爾街四位最精明資金經理的第一大持倉，也是其他億萬富翁投資者投資組合中的重要位置。</p>
<p>出售 150,000 股 Meta Platforms 的最合理理由無疑是鎖定收益。在 2022 年底到 2025 年第二季度之間，Meta 的股價從不足 100 美元上漲到超過 600 美元。Meta 是泰珀第二長時間持有的股票（自 2016 年第一季度以來），這意味着有合理的理由從中獲利了結。</p>
<p>同樣，Appaloosa 的億萬富翁首席也可能對美國和/或全球經濟的健康狀況感到擔憂。</p>
<p>儘管 Meta Platforms 正在投資並將人工智能解決方案納入其運營，但其近 98% 的淨銷售額仍可追溯到廣告。廣告收入往往具有高度週期性，企業在出現問題的初期並不猶豫地削減營銷預算。對國內通貨膨脹率的擔憂，以及近期就業市場的疲軟，都是可能預示美國經濟疲軟的潛在催化劑。</p>
<p>但更有可能的是，特普爾最終會後悔出售了其基金在 Meta Platforms 中超過四分之一的股份。</p>
<p>沒有其他社交媒體公司能夠像 Meta 一樣每天吸引如此多的人。在 6 月份，其應用程序家族，包括 Facebook、Instagram、WhatsApp、Threads 和 Facebook Messenger，平均每日用户達到 34.8 億。這足以讓 Meta 在廣告投放方面擁有卓越的定價權。</p>
<p>我們還看到早期證據表明，馬克·扎克伯格的公司正在成功地將人工智能解決方案融入其廣告平台。讓企業能夠使用生成性人工智能解決方案，使他們能夠根據用户定製信息，從而提高廣告點擊率。這進一步鞏固了 Meta 的高端廣告定價能力。</p>
<p>雖然 Meta Platforms 的股票現在並不像三年前那樣便宜，但其加速的增長率完全彌補了其適度的溢價。考慮到人工智能可以通過廣告業務擴展已經有高底線的收入基礎，其前瞻市盈率（P/E）低於 25 是合理的。</p>

英特爾

META

<p>億萬富翁投資者大衞·泰珀在人工智能領域進行了重大投資，在第二季度購買了英偉達、台積電和英特爾的股票，同時出售了他在 Meta Platforms 的部分持股，後者是億萬富翁們青睞的人工智能股票。泰珀的購買包括 145 萬股英偉達、75.5 萬股台積電和 800 萬股英特爾，顯示出他對人工智能硬件的強烈關注。儘管 Meta 受歡迎，他選擇出售的決定可能是為了在價格大幅上漲後鎖定收益</p>

<p>For three years, the evolution of artificial intelligence (AI) hardware and software solutions has dominated the newswires on Wall Street -- and with good reason. Based on one estimate from the analysts at PwC, AI can lift global gross domestic product by $15.7 trillion in 2030. This is a big enough pie where a long list of companies can benefit.</p>
<div class="lb-trans"><p>在過去三年中，人工智能（AI）硬件和軟件解決方案的發展主導了華爾街的新聞報道，原因顯而易見。根據普華永道分析師的一個估計，到 2030 年，人工智能可以使全球國內生產總值增加 15.7 萬億美元。這是一個足夠大的蛋糕，許多公司都能從中受益。</p>
</div><p>However, Wall Street's savviest money managers have sent mixed signals regarding the companies on the leading edge of the AI revolution.</p>
<div class="lb-trans"><p>然而，華爾街最精明的資金經理對處於人工智能革命前沿的公司發出了混合信號。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1yZWZsZWN0aW9uLWdsYXNzZXMtbGFwdG9wLWJ1eS1zZWxsLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830592%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>圖片來源：Getty Images。</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. This filing provides an easy-to-understand layout of which stocks, exchange-traded funds (ETFs), and select options Wall Street's top-tier fund managers purchased and sold in the latest quarter (in this case, the June-ended quarter).</p>
<div class="lb-trans"><p>在每個季度結束後的 45 個日曆日內，管理資產至少為 1 億美元的機構投資者需要向證券交易委員會提交 13F 表格。該文件提供了一個易於理解的佈局，顯示華爾街頂級基金經理在最新季度（在本例中為 6 月結束的季度）購買和出售了哪些股票、交易所交易基金（ETF）和特定期權。</p>
</div><p>Appaloosa's billionaire money manager, David Tepper, who's overseeing north of $6.4 billion in AUM, has been an especially active investor in the artificial intelligence arena. During the second quarter, Tepper greenlit the purchase of <strong>Nvidia</strong>(NVDA 1.65%), <strong>Taiwan Semiconductor Manufacturing</strong>(TSM 2.58%), which is best-known as &#34;TSMC,&#34; and <strong>Intel</strong>(INTC 5.53%), but was a decisive seller of a &#34;magnificent&#34; stock that's the undisputed favorite AI company of billionaire fund managers.</p>
<div class="lb-trans"><p>Appaloosa 的億萬富翁資金經理大衞·泰珀（David Tepper）管理着超過 64 億美元的資產，在人工智能領域尤其活躍。在第二季度，泰珀批准購買 <strong>Nvidia</strong>（NVDA 1.65%）、<strong>台灣半導體制造公司</strong>（TSM 2.58%，通常稱為 “TSMC”）和 <strong>英特爾</strong>（INTC 5.53%），但卻果斷出售了一隻被億萬富翁基金經理視為 “傑出” 的股票。</p>
</div><h2>AI hardware stocks were on the menu for Appaloosa's billionaire chief</h2>
<div class="lb-trans"><h2>Appaloosa 的億萬富翁首席投資官關注 AI 硬件股票</h2>
</div><p>If there was a theme to billionaire David Tepper's buying activity, at least in relation to the tech sector, during the second quarter, it was &#34;AI hardware.&#34; Leading businesses responsible for the brains of AI-accelerated data centers were undeniably on the menu for Appaloosa's boss:</p>
<div class="lb-trans"><p>如果説在第二季度大衞·泰珀的購買活動中有一個主題，那就是 “AI 硬件”。負責 AI 加速數據中心核心技術的領先企業無疑是 Appaloosa 首席的關注對象：</p>
</div><ul>
<li><strong>Nvidia</strong>: 1,450,000 shares purchased (483% increase from March 31, 2025).</li>
<li><strong>TSMC</strong>: 755,000 shares purchased (280% increase from March 31, 2025).</li>
<li><strong>Intel</strong>: 8,000,000 shares purchased (new position).</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Nvidia</strong>：購買 1,450,000 股（比 2025 年 3 月 31 日增加 483%）。</li>
<li><strong>TSMC</strong>：購買 755,000 股（比 2025 年 3 月 31 日增加 280%）。</li>
<li><strong>Intel</strong>：購買 8,000,000 股（新頭寸）。</li>
</ul>
</div><p>The buying activity in Nvidia is especially eye-opening considering that Tepper had overseen a 97% reduction in his fund's position in less than two years, when accounting for Nvidia's historic 10-for-1 stock split in June 2024.</p>
<div class="lb-trans"><p>考慮到泰珀在不到兩年的時間裏對其基金在 Nvidia 的持倉減少了 97%，這次對 Nvidia 的購買活動尤其引人注目，計算時需考慮 Nvidia 在 2024 年 6 月進行的歷史性 10 比 1 股票拆分。</p>
</div><p>Perhaps the leading catalyst of this buying activity was Wall Street's tariff-induced mini-crash in early April. President Trump unveiled his tariff and trade policy on April 2, which included a 10% global tariff, as well as introduced higher &#34;reciprocal tariffs&#34; on select countries. Initially, these tariffs spooked the market and led to a historic multiday sell-off.</p>
<div class="lb-trans"><p>這次購買活動的主要催化劑可能是華爾街因關税引發的迷你崩盤。特朗普總統於 4 月 2 日公佈了他的關税和貿易政策，其中包括 10% 的全球關税，並對特定國家引入了更高的 “互惠關税”。最初，這些關税讓市場感到恐慌，導致了歷史性的多日拋售。</p>
</div><p>However, it's been a green light for the bulls since President Trump announced a 90-day pause on reciprocal tariffs on April 9. Investors who piled into beaten-down AI stocks have benefited greatly, and they were able to nab high-growth stocks at forward-year multiples that hadn't been seen in many quarters, if not years.</p>
<div class="lb-trans"><p>然而，自特朗普總統於 4 月 9 日宣佈對互惠關税暫停 90 天以來，市場一直是多頭的綠燈。那些湧入被打壓的 AI 股票的投資者受益匪淺，他們能夠以許多季度甚至多年未見的前瞻性市盈率購買高增長股票。</p>
</div><p>Additionally, the respective outlooks for Nvidia and TSMC are robust. Nvidia's Hopper (H100) and Blackwell graphics processing units (GPUs) have accounted for a significant percentage of the GPUs deployed in enterprise data centers.</p>
<div class="lb-trans"><p>此外，Nvidia 和 TSMC 的前景都非常強勁。Nvidia 的 Hopper（H100）和 Blackwell 圖形處理單元（GPU）在企業數據中心中佔據了相當大的比例。</p>
</div><p>Meanwhile, TSMC is rapidly expanding its chip-on-wafer-on-substrate (CoWoS) capacity to meet seemingly insatiable corporate demand for AI-GPUs. TSMC's CoWoS is a necessary technology for the packaging of high-bandwidth memory in AI-accelerated data centers.</p>
<div class="lb-trans"><p>與此同時，TSMC 正在迅速擴大其晶圓級封裝（CoWoS）產能，以滿足對 AI-GPU 的似乎無法滿足的企業需求。TSMC 的 CoWoS 是 AI 加速數據中心中高帶寬內存封裝所必需的技術。</p>
</div><p>As for Intel, it may have stood out to Tepper as a value-oriented buy. Intel has been trading below its book value and was awarded nearly $7.9 billion from the CHIPS Act by the Joe Biden administration in 2024 to construct chip fabrication plants domestically. An eventual transformation that'll see Intel grow into one of the world's leading chip foundries, coupled with its legacy cash flow from central processing units, may allow the company to reinvent itself over time.</p>
<div class="lb-trans"><p>至於英特爾，泰珀可能將其視為一個價值導向的買入機會。英特爾的交易價格低於其賬面價值，並在 2024 年獲得了拜登政府近 79 億美元的 CHIPS 法案資金，用於在國內建設芯片製造廠。最終的轉型將使英特爾成長為全球領先的芯片代工廠之一，加上其來自中央處理單元的傳統現金流，可能使公司隨着時間的推移重新塑造自己。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA1OTIvd29tYW4tdHlwaW5nLWxhcHRvcC1kb2ctb24tbGFwLXdvcmstZnJvbS1ob21lLWNsb3VkLWdldHR5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830592%2Fwoman-typing-laptop-dog-on-lap-work-from-home-cloud-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Fund managers' favorite AI stock was sent to the chopping block by billionaire David Tepper</h2>
<div class="lb-trans"><h2>億萬富翁大衞·泰珀將基金經理最愛的 AI 股票送上了砧板</h2>
</div><p>On the other end of the spectrum, Tepper's Appaloosa completely exited five positions (excluding options) and pared down 16 others during the June-ended quarter. This includes selling 150,000 shares of social media titan and &#34;Magnificent Seven&#34; member <strong>Meta Platforms</strong>(META 2.04%), which reduced Appaloosa's position by 27% in just three months.</p>
<div class="lb-trans"><p>在另一個極端，泰珀的 Appaloosa 在 6 月結束的季度完全退出了五個頭寸（不包括期權），並減少了 16 個其他頭寸。這包括出售 150,000 股社交媒體巨頭和 “傑出七” 成員 <strong>Meta Platforms</strong>（META 2.04%），這使 Appaloosa 的持倉在短短三個月內減少了 27%。</p>
</div><p>What makes this selling activity such a head-scratcher is there's not another AI stock that billionaire asset managers favor more than Meta. As of the end of March, Meta was the No. 1 holding for four of Wall Street's savviest money managers, and a prized position in the portfolios of other billionaire investors.</p>
<div class="lb-trans"><p>使這次出售活動令人困惑的是，沒有其他 AI 股票比 Meta 更受億萬富翁資產經理的青睞。截至 3 月底，Meta 是華爾街四位最精明資金經理的第一大持倉，也是其他億萬富翁投資者投資組合中的重要位置。</p>
</div><p>Arguably the most-logical of all reasons to sell 150,000 shares of Meta Platforms is simply to lock in gains. Between late 2022 and the second quarter of 2025, Meta stock rallied from sub-$100 to well north of $600 per share. Meta is Tepper's second longest-tenured holding (since the first quarter of 2016), which means there was a viable reason to take some chips off the table.</p>
<div class="lb-trans"><p>出售 150,000 股 Meta Platforms 的最合理理由無疑是鎖定收益。在 2022 年底到 2025 年第二季度之間，Meta 的股價從不足 100 美元上漲到超過 600 美元。Meta 是泰珀第二長時間持有的股票（自 2016 年第一季度以來），這意味着有合理的理由從中獲利了結。</p>
</div><p>It's also plausible that Appaloosa's billionaire boss is concerned about the health of the U.S. and/or global economy.</p>
<div class="lb-trans"><p>同樣，Appaloosa 的億萬富翁首席也可能對美國和/或全球經濟的健康狀況感到擔憂。</p>
</div><p>Though Meta Platforms is investing in and incorporating AI solutions into its operations, nearly 98% of its net sales can be traced back to advertising. Ad revenue tends to be highly cyclical, with businesses not shy about paring back their marketing budgets at the first signs of trouble. Concerns about the domestic rate of inflation, as well as recent weakness in the jobs market, are all potential catalysts that can foreshadow weakness in the U.S. economy.</p>
<div class="lb-trans"><p>儘管 Meta Platforms 正在投資並將人工智能解決方案納入其運營，但其近 98% 的淨銷售額仍可追溯到廣告。廣告收入往往具有高度週期性，企業在出現問題的初期並不猶豫地削減營銷預算。對國內通貨膨脹率的擔憂，以及近期就業市場的疲軟，都是可能預示美國經濟疲軟的潛在催化劑。</p>
</div><p>But it's far likelier that Tepper will eventually regret selling more than a quarter of his fund's stake in Meta Platforms.</p>
<div class="lb-trans"><p>但更有可能的是，特普爾最終會後悔出售了其基金在 Meta Platforms 中超過四分之一的股份。</p>
</div><p>No other social media company has come particularly close to attracting as many people as Meta does daily. During the month of June, its family of apps, which includes Facebook, Instagram, WhatsApp, Threads, and Facebook Messenger, averaged 3.48 billion daily users. This is more than enough eyeballs for Meta to command exceptional pricing power for ad placement.</p>
<div class="lb-trans"><p>沒有其他社交媒體公司能夠像 Meta 一樣每天吸引如此多的人。在 6 月份，其應用程序家族，包括 Facebook、Instagram、WhatsApp、Threads 和 Facebook Messenger，平均每日用户達到 34.8 億。這足以讓 Meta 在廣告投放方面擁有卓越的定價權。</p>
</div><p>We're also seeing early evidence that Mark Zuckerberg's company is successfully incorporating AI solutions into its ad platform. Giving businesses access to generative AI solutions has allowed them to tailor their messages to users, which in turn can improve ad click-through rates. This only serves to solidify Meta's premium ad-pricing power.</p>
<div class="lb-trans"><p>我們還看到早期證據表明，馬克·扎克伯格的公司正在成功地將人工智能解決方案融入其廣告平台。讓企業能夠使用生成性人工智能解決方案，使他們能夠根據用户定製信息，從而提高廣告點擊率。這進一步鞏固了 Meta 的高端廣告定價能力。</p>
</div><p>While Meta Platforms' stock isn't as cheap as it was three years ago, its accelerated growth rate more than makes up for its modest premium. Its forward price-to-earnings (P/E) ratio of less than 25 is reasonable considering the many ways AI can expand a revenue base that already has a high floor, thanks to its advertising operations.</p>
<div class="lb-trans"><p>雖然 Meta Platforms 的股票現在並不像三年前那樣便宜，但其加速的增長率完全彌補了其適度的溢價。考慮到人工智能可以通過廣告業務擴展已經有高底線的收入基礎，其前瞻市盈率（P/E）低於 25 是合理的。</p>
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Billionaire David Tepper Piled Into Nvidia, TSMC, and Intel, and Sold Shares of the No. 1 Artificial Intelligence (AI) Stock Among Billionaire Fund Managers

- 人工智能硬件和軟件解決方案在華爾街備受關注，預計 2030 年全球 GDP 將增加 15.7 萬億美元。  
- 大衞·泰珀在第二季度增持 Nvidia、TSMC 和 Intel 股票，同時減持 Meta。  
- Meta 的廣告收入高度依賴經濟狀況，可能面臨未來挑戰。  

億萬富翁大衞·泰珀大量買入英偉達、台積電和英特爾，同時出售了在億萬富翁基金經理中排名第一的人工智能股票