David Tepper’s hedge fund Appaloosa Management sold its entire SanDisk stake in Q2 2026, cashing out roughly $179 million on a stock that had surged 591% year-to-date. The capital was redirected toward AI infrastructure leaders, with Amazon becoming the fund’s largest disclosed holding at over $1.19 billion, alongside Nvidia, Taiwan Semiconductor Manufacturing, and CoreWeave. The fund also initiated a 225,000-share position in SpaceX valued at approximately $38.5 million. Appaloosa posted a 32% return in the first half of 2026, driven largely by memory-chip holdings.
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