Billionaire fund manager David Tepper just made a massive $285 million bet on Micron (MU) stock, doubling down on the AI memory boom. Tepper’s hedge fund Appaloosa just disclosed a head-turning bet on Micron, turning the memory giant into one of the fund’s biggest holdings. That position now accounts for nearly 6% of reported assets. Micron has been one of the biggest beneficiaries of the relentless AI infrastructure boom, becoming one of the market’s hottest stocks as a result. For perspective, Micron ...

David Tepper's Appaloosa Sells Alibaba and Buys Micron, Alphabet in Stock Reshuffle - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# David Tepper's Appaloosa Trims Alibaba and Adds Micron, Alphabet in Stock ReshuffleBy [Anita Hamilton]ShareR ...

The astounding 313% gains that shares of Micron Technology (NASDAQ: MU) have clocked over the past year have brought the company's market capitalization to around $463 billion, a big increase from the $100 billion-plus level a year ago. The stunning rise in Micron stock is justified by the phenomenal jump in the company's revenue and earnings, driven by favorable memory market conditions. Importantly, the conditions that are driving Micron's incredible growth are likely to persist for the rest of the year ...

Core Viewpoint - Micron Technology is investing $50 billion to expand its manufacturing capacity in Boise, Idaho, amid a significant increase in global DRAM prices, which is driving demand for semiconductor chips [1][2][3]. Group 1: Investment Plans - Micron plans to double its 450-acre Boise campus by constructing two new factories, each covering 600,000 square feet, with the first factory expected to open in mid-2027 and the second by the end of 2028 [3]. - In addition to the Boise expansion, Micron is also building a $100 billion factory near Syracuse, NY, and a $9.6 billion factory in Hiroshima, Japan, contributing to a total investment of $200 billion aimed at addressing the AI memory bottleneck [4]. Group 2: Financial Position - Despite the ambitious $200 billion investment plan, Micron's cash reserves are only around $10 billion, raising concerns about its ability to fund such extensive projects [4]. - Currently, Micron is generating substantial cash flow, exceeding $22 billion before accounting for capital expenditures, which could be beneficial if DRAM prices remain high [5]. Group 3: Market Reaction - Following the announcement of the $50 billion investment, Micron's stock initially dropped by 3% but rebounded with a 6.9% increase the following day, recovering all losses [1].

Market Overview - US stock market experienced a significant rise, with the Dow Jones increasing by over 300 points, the Nasdaq rising by over 1%, and the S&P 500 gaining approximately 0.9% [1] - Technology stocks led the market, with Nvidia rising over 2% following Meta's announcement of using millions of Nvidia chips for data center expansion [5] - Amazon's stock increased by 2% after Pershing Square raised its stake in the company by 65%, making it the fund's third-largest holding [6] Commodity Performance - Oil prices surged by 3%, with Brent crude reaching $69.47 per barrel and NY crude at $64.22 per barrel [9][10] - Gold prices rose by 2.5%, surpassing $5000 per ounce, while silver saw a significant increase of approximately 6% [9][10] Geopolitical Factors - Concerns regarding potential military actions by the US against Iran have heightened, with reports suggesting a large-scale operation that could resemble a full-scale war [9][11] - The Iranian Revolutionary Guard conducted military exercises in the Strait of Hormuz, a critical shipping route for global oil exports, raising fears of supply disruptions [11] - US Vice President Pence indicated that if diplomatic efforts fail to address Iran's nuclear program, the option of military action remains on the table [12]

科技股领涨市场，英伟达涨超2%，此前Meta在周二宣布，其数据中心扩建将使用数百万颗英伟达芯 片。 作为"七巨头"成员，亚马逊股价上涨2%。监管文件显示，比尔·阿克曼（Bill Ackman）旗下的潘兴广场 基金（Pershing Square）在第四季度将其在该电商巨头的持股比例提高了65%，使其成为该基金的第三 大持仓股。此前，该股刚刚结束了连续九个交易日的下跌。 美光科技暴涨约6%，此前大卫·泰珀的阿帕卢萨资产管理公司增持了股份，持仓提升至4.28亿美元，增 幅达200%，使这家AI系统关键内存芯片制造商成为该基金第四大持仓，此外，美光科技斥资2000亿美 元以突破AI内存瓶颈。 兄弟姐妹们啊，大年初三，泰勒继续加班！ 2月18日晚间，全球资产全线暴涨，美股三大指数直线拉升，白银暴涨6%，黄金大涨2%，原油大涨 3%！ 一起看看它们趁着我们放假，都发生了什么事情！ 美股大涨 美股低开高走，道指涨超300点，纳指涨超1%，标普指数涨约0.9%。 与此同时，伊朗革命卫队本周在霍尔木兹海峡进行了军事演习。根据能源咨询公司Kpler的数据，全球 约三分之一的海运原油出口需经过这一咽喉要道。石油市场极度担心一旦美 ...

黄金概念股大涨，科尔黛伦矿业涨3.5%，Vista黄金涨2.8%，First Majestic Silver、Endeavour Silver涨 2.6%，埃氏金业涨2.4%，纽曼矿业、泛美白银涨超2%，金田、哈莫尼黄金涨1.2%。消息面上，晚间黄 金白银双双急速拉升，现货黄金涨超2.6%，重新站上5000美元，现货白银涨幅扩大至6%，报78美元/盎 司。 记者丨金珊 编辑丨江佩霞 2月18日晚，美股开盘集体上涨，截至23:25，道指涨0.58%，纳指涨1.16%，标普500指数涨0.77%。 | 道琼斯工业 | 纳斯达克指数 | 标普500 | | --- | --- | --- | | 49822.58 | 22839.25 | 6895.64 | | +289.39 +0.58% | +260.87 +1.16% | +52.42 +0.77% | | 美国科技七巨头 | 中概科技龙头 | 中国金龙 | | 62620.16 | 4052.77 | 7621.28 | | +688.38 +1.11% | +44.12 +1.10% | +37.29 +0.49% | 大型科技股涨多跌少，英伟达涨超2% ...

Core Insights - David Tepper has significantly increased his investments in Alphabet, Micron, and Meta, while reducing his positions in Alibaba and Amazon, indicating a strong focus on AI infrastructure [1] Group 1: Investment Increases - Tepper increased his Alphabet stake by 29%, now holding nearly 1.8 million shares, with Alphabet guiding for $175 billion to $185 billion in CapEx for 2026, primarily for AI infrastructure [1] - Micron's holdings were increased from 500,000 shares to 1.5 million, a 200% increase, with Q1 FY2026 revenue of $13.64 billion beating estimates by $410 million and non-GAAP EPS of $4.78 surpassing the $4.07 consensus [1] - Tepper also raised his stake in Meta, which reported Q4 2025 revenue of $59.89 billion and EPS of $8.88, guiding for $115 billion to $135 billion in CapEx for 2026 focused on AI infrastructure [1] Group 2: Investment Reductions - Tepper reduced his position in Alibaba, which reported a 53% year-over-year decline in net income to $2.90 billion due to aggressive investments in AI and quick-commerce [1] - Amazon's position was also reduced, with the company down 13% year-to-date, despite AWS growing 20% to $33 billion in Q3 2025 [1] Group 3: Strategic Focus - Tepper's investment strategy reflects a shift away from China risk and towards companies that are heavily investing in AI infrastructure, with Alphabet, Micron, and Meta all committing tens of billions to AI CapEx [1]

Group 1 - The article highlights Uttam as a growth-oriented investment analyst focusing on the technology sector, particularly in semiconductors, artificial intelligence, and cloud software [1] - Uttam's research also encompasses other sectors such as MedTech, Defense Tech, and Renewable Energy, indicating a broad analytical scope [1] - The Pragmatic Optimist Newsletter, co-authored by Uttam and Amrita Roy, is recognized and cited by major publications like the Wall Street Journal and Forbes, showcasing its influence in the investment community [1] Group 2 - Prior to his research career, Uttam gained experience in Silicon Valley, leading teams at major technology firms including Apple and Google, which adds credibility to his insights [1]

Core Insights - Micron Technology and Taiwan Semiconductor Manufacturing Company are pivotal in the AI semiconductor ecosystem, driven by increasing demand for data centers and AI computing [1][2] Micron Technology - Micron is positioned for long-term growth due to its involvement in AI, high-performance data centers, autonomous vehicles, and industrial IoT [3] - The company has shifted focus from volatile consumer electronics to more stable sectors like automotive and enterprise IT, enhancing revenue stability [4] - In Q1 FY26, Micron's revenues increased by 57% year-over-year to $13.64 billion, with non-GAAP EPS rising 167% to $4.78, exceeding Zacks Consensus Estimates [5] - Micron's HBM3E products are in high demand for AI workloads, with supply for 2026 already sold out [6] - The company is a key supplier for NVIDIA's GPUs, indicating strong integration within the AI supply chain [7] Taiwan Semiconductor Manufacturing Company - TSMC leads the global chip foundry market, serving major companies like NVIDIA and Broadcom, with revenues in 2025 reaching $122.42 billion, a 36% increase year-over-year [8] - AI-related chip sales are a significant revenue driver, with HPC revenues accounting for 58% of total revenues in 2025, up from 51% in 2024 [9] - TSMC plans to invest between $52 billion and $56 billion in capital expenditures in 2026 to maintain its competitive edge in advanced manufacturing [11] - The company faces near-term challenges due to geopolitical tensions and a global expansion strategy that may pressure margins [12][13] Comparative Analysis - Micron's growth outlook appears stronger, with projected revenue growth of 99.7% and EPS growth of 307.5% for FY26, compared to TSMC's 29.2% revenue growth and 32.5% EPS increase [14] - Over the past year, Micron's stock has surged by 283.1%, outperforming TSMC's 81.2% gain [18] - TSMC trades at a higher forward P/E ratio of 25.00 compared to Micron's 10.09, indicating a premium for TSMC despite lower growth projections [19] Conclusion - Micron Technology is currently viewed as a more attractive investment option due to its higher growth projections and lower valuation compared to Taiwan Semiconductor [20]