Billionaires Battle on NVIDIA: David Tepper Bought More. Dan Loeb Sold Every Share.

The article centers on conflicting hedge fund activity around NVIDIA following Q2 13F filings. David Tepper’s Appaloosa added 53,500 shares, keeping a large $305.1 million position and signaling continued belief in AI infrastructure demand. Dan Loeb’s Third Point exited all 190,000 shares, while George Soros added put protection against a large long position, indicating hedging rather than outright bearishness. The piece frames these moves against a strong fundamental backdrop: NVIDIA had recently closed at $225.16, up 12.53% from the June 30 snapshot price, with Q1 FY2027 revenue of $82 billion (+85% YoY) and a Q2 guide of $91 billion. Despite disagreement among elite managers, Wall Street consensus remains bullish with a $302.83 target and 85.5% odds of a new all-time high by year-end.