Nvidia, the world's dominant AI chip provider, has been feeling the geopolitical heat lately. It recently struck a deal with U.S. President Donald Trump to pay 15% of the sales of H20 to the U.S.

In the second quarter, Appaloosa dumped 100% of its Broadcom stake, even after robust results and corresponding stock price gains. Despite holding dozens of stocks, Nvidia is now Tepper's seventh ...