Appaloosa's billionaire investor went on an AI hardware buying spree during the second quarter, while simultaneously sending shares of money managers' favorite AI stock to the chopping block.For three years, the evolution of artificial intelligence (AI) hardware and software solutions has dominated the newswires on Wall Street -- and with good reason. Based on one estimate from the analysts at PwC, AI can lift global gross domestic product by $15.7 trillion in 2030. This is a big enough pie where a long lis ...

Appaloosa's billionaire boss reversed course in the second quarter by becoming a big-time buyer of Nvidia stock and a seller of the hottest AI-networking company. Last Thursday, Aug. 14, marked one of the most important days of the third quarter for investors. Though earnings reports and economic data releases are a near-everyday occurrence, the quarterly filing of Form 13Fs with the Securities and Exchange Commission (SEC) can be invaluable to investors. No later than 45 calendar days following the end to ...