The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Billionaire David Tepper, the founder and president of the hedge fund Appaloosa Management, is particularly bullish on technology and artificial intelligence (AI) stocks. The firm's portfolio features several industry leaders, including Amazon (NASDAQ:AMZN), Micron Technology (NASDAQ:MU), Taiwan Semiconductor Manufacturing (NYSE:TSM), and Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), with these four accounting for roughly 50% of the portfolio. David Tepper and his team are doubling down on AI.
During the second quarter, Appaloosa Management added Space Exploration Technologies (NASDAQ:SPCX) and CoreWeave (NASDAQ:CRWV) to the portfolio. Tepper and his team aren't the only ones who are optimistic about these companies' prospects. Average price targets from Wall Street imply that SpaceX and CoreWeave could both rise meaningfully over the next 12 months. Are these stocks worth buying now?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SpaceX set the record for the largest IPO ever in June. The stock has been volatile since then, rising to as much as $225.64 and falling as low as $104.83. As of writing, shares are changing hands for about $148 apiece, slightly down from its $150 opening price. Wall Street thinks there is far more upside ahead, though. The company's average price target is $222.32, according to Yahoo! Finance. That implies a 50% upside from current levels. On the one hand, SpaceX's business looks strong.