David Tepper's Appaloosa Revamps Portfolio, Cuts Down On Semiconductor Stocks - Advanced Micro Devices (NASDAQ:AMD), Amazon.com (NASDAQ:AMZN)
1. Appaloosa LP increased stake in Amazon among other tech investments. 2. The fund reduced semiconductor holdings, indicating caution amid chip shortages. 3. Focus shifted towards resilient sectors, including home improvement and automotive industries. 4. Strategic diversification may mitigate risks associated with specific stocks or sectors.