David Tepper Latest News and Portfolio Changes: Top 5 Stocks

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Appaloosa Management’s Latest Investment: $220 million

QUALCOMM Incorporated (NASDAQ:QCOM) is an American semiconductor designer that sells smartphone processors, modems, and other products. The firm teamed up with Google in October 2023 to develop new chips based on the RISC-V micro architecture for wearable devices such as watches.

By the end of this year’s second quarter, 73 among the 910 hedge funds tracked by Insider Monkey had bought and owned QUALCOMM Incorporated (NASDAQ:QCOM)’s shares. While Appaloosa Management owns a $220 million stake, the firm’s largest shareholder in our database is Israel Englander’s Millennium Management since it owns $270 million worth of shares.

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