AMZN is Tepper's largest position targeting 31% upside, while MU trades at a forward P/E of 6 despite delivering 345% revenue growth.
Tepper's five picks span the full AI stack, covering memory, foundry, cloud, hyperscaler, and autonomous mobility, with recent pullbacks in three names creating potential entry points.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
David Tepper's Appaloosa Management just told the market where the smartest money in the AI trade is parked. His latest 13F concentrates his largest US-listed common stock and ADR bets across five names that together map the entire AI stack: memory, foundry, cloud, hyperscaler, and the applied autonomous layer. One of them has quietly ripped 152.58% higher since the filing date. For investors tracking Tepper's playbook, these five names map the full AI stack.
The wildcard in Tepper's top five sits outside chips entirely: Uber (NYSE:UBER), and the thesis is applied AI on wheels. CEO Dara Khosrowshahi has staked the platform on a "clear path to becoming the largest facilitator of AV trips in the world," with Zoox and Waymo partnerships routing robotaxi supply through the Uber app in Las Vegas and Los Angeles. Every autonomous mile ordered through the app is margin Uber does not pay a driver for.
The Q1 FY26 numbers say the flywheel is spinning fast. Gross Bookings hit $53.72 billion (+25% YoY), trips reached 3.6 billion, and Uber One membership crossed 50 million, driving half of Gross Bookings. Free cash flow of $2.286 billion funded a $3.011 billion buyback in the quarter. Q2 guidance calls for Non-GAAP EPS of $0.78 to $0.82, up 31% to 38%.
The read: Bullish setup. Shares sit at $73.00 with a base-case target of $122.61, implying 67.96% upside, and 88% of analysts are bullish. Tepper is early. The next name on his list is not.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
If Uber is the wildcard, Micron (NASDAQ:MU) is the freight train. HBM is the choke point of every GPU cluster being stood up in 2026, and Micron is one of only three suppliers on Earth. CEO Sanjay Mehrotra has locked customers into multi-year Strategic Customer Agreements and pointed directly at the "strategic value of memory in the AI era." HBM4 is shipping in volume; HBM4E arrives in 2027.
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