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Is Qualcomm Inc (QCOM) the Top Growth Stock in David Tepper’s Portfolio?

We recently published a list of Top 10 Growth Stocks in David Tepper’s Portfolio. In this article, we are going to take a look at where Qualcomm Inc (NASDAQ:QCOM) stands against other top growth stocks in David Tepper’s Portfolio.

Buy “everything” related to China has been David Tepper’s investment theme despite the uncertainties about the economy amid a trade spat with the US. The president and founder of Appaloosa Management LP believes China’s economy is well-positioned to bounce back from the COVID-19-triggered slowdown.

“Everything. ETFs, I would do futures — everything. Everything,” Tepper said during an interview on CNBC when asked about which Chinese equities.

Consequently, Appaloosa Management LP’s portfolio has built significant exposure to Chinese equities, with the biggest holding offering exposure to the country’s internet landscape. The investment strategy is increasingly paying off as Chinese stocks have enjoyed a bull run in response to Beijing unveiling a sweep of measures aimed at boosting economic growth.

READ ALSO: Billionaire Ken Fisher’s Top 13 Growth Stock Picks and Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness.

With 5.4% growth in the fourth quarter of 2024, China’s economy exceeded expectations thanks to Beijing’s stimulus policies, which included interest rate reductions. Investors are awaiting information on further fiscal assistance for the struggling real estate sector and consumer demand.

Increased focus on Chinese equities affirms Tepper’s philosophy, which often revolves around contrarian views on the market. His focus on Chinese equities comes amid growing concerns that they would be hit hard as the US imposes significant trade tariffs on China in a bid to trim the trade deficit between the two economic powerhouses.

Amid the concerns, the founder of Appaloosa Management LP insists on the need to deploy significant risk management to offset the impacts of the ongoing trade war. Similarly, Tepper has already emphasized the need to stay invested in bull markets, which appear and remain calm during market downturns, as the one in play in the US.

US equities have been under immense pressure in the first quarter of 2025, which is attributed to uncertainties about US trade wars and the reluctance of the US Federal Reserve to cut interest rates. The S&P 500 has already shed nearly 3% in value and is on course to record its first quarterly decline since July of 2023.

The selloff in the US equity markets also comes at the backdrop of disappointing financial results from some companies that have been reported. Market participants have also not been impressed by the guidance that signals potential weakness across the board amid deteriorating macroeconomics.

“You know there’s this negative bias out there. You just don’t know to what degree,” said Michael O’Rourke, chief market strategist at JonesTrading in Stamford, Connecticut.

Analysts are becoming increasingly wary regarding US corporate profits for the first quarter of this year, as policies from the Trump administration pose a risk of igniting a global trade conflict that could hinder economic expansion. Predictions for the S&P 500’s performance in the first quarter of 2025 have decreased by 4.5 percentage points, marking the most significant downward adjustment since the last quarter of 2023, according to his remarks.

Earnings growth for S&P 500 firms is now projected to be 7.7% compared to the previous year, which would represent the lowest rate since the third quarter of 2023 and a substantial drop from 17.1% in the final quarter of 2024, according to data from LSEG released on Friday.

“A lot of people are worried about things like tariffs … Really, it’s a broad economic slowdown that is the one thing that would be very difficult for companies to contend with,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.

Our Methodology

We combed Appaloosa Management LP’s SEC Q4 2024 13F filings to identify the top 10 growth stocks in Appaloosa Management LP’s portfolio. From the resultant data, we settled on the top 10 picks and analyzed them on why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Appaloosa Management LP’s equity stakes while also detailing hedge fund sentiment around the stocks, as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A technician testing the latest 5G device, demonstrating the company’s commitment to innovation.

Qualcomm Inc (NASDAQ:QCOM)

Appaloosa Management LP’s Equity Stakes: $122.90 Million

Number of Hedge Fund Holders: 79

Qualcomm Inc (NASDAQ:QCOM) is a semiconductor giant known for developing and licensing chipsets, processors, modems, and RF systems for mobile devices, automotive, computing, and IoT. It is one of the top growth stocks in Appaloosa Management LP’s portfolio as a leader in smartphone chipsets.

Qualcomm Inc (NASDAQ:QCOM) has sought to strengthen its growth metrics by releasing its AI-enabled Snapdragon 3 Gen 8 mobile processor. Revenue growing by double-digit levels in the last three quarters underscores the robust underlying growth. Revenue for its fiscal Q1 ended December 29 increased 17% to $11.67 billion. Its semiconductor sector (QCT) saw a 20% increase in revenue to $10.1 billion. Vehicle revenue jumped 61% to $961 million as revenue from the Internet of Things (IoT) increased 36% to $1.5 billion.

Qualcomm Inc (NASDAQ:QCOM) attributed its substantial handset revenue to increased sales of high-end Android smartphones, like the Samsung Galaxy S25 models running on its Snapdragon 8 Elite platform. Additionally, it stated that its sales to Chinese clients remain strong due to the country’s growing premium market.

Overall, QCOM ranks 7th on our list of top growth stocks in David Tepper’s Portfolio. While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM but that trades at less than 5 times its earnings check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!