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David Tepper Exits SanDisk Position, Opens New Position in Broadcom

The Motley Fool +1 ·

SNDK Sandisk Corp
$1609.46 -4.90%
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AVGO -4.35%
  1. 1David Tepper liquidated a $179 million position in SanDisk during the second quarter.
  2. 2David Tepper established a new position in Broadcom.
  3. 3Broadcom management raised its annual AI revenue guidance from $56 billion to $58 billion.

So what's the key point?

Famous investor David Tepper sold all his SanDisk shares and newly purchased Broadcom. Broadcom raised its artificial intelligence revenue outlook to $58 billion.

Source The Motley Fool +1 · View original ↗

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