David Tepper's 3 Biggest Bets in The Second Quarter: Buy, Sell or Hold?

The article analyzes David Tepper’s three biggest Q2 positions and frames them as very different risk/reward setups. Apple is described as priced for perfection despite strong Q3 revenue of $109.42 billion, record Services revenue of $30.74 billion, and a $100 billion buyback, with concern centered on a stretched ~40x P/E, tariff-related margin boost, and potential September margin pressure. Taiwan Semiconductor is viewed most constructively: Q2 revenue rose 36% to $40.20 billion, EPS beat estimates, gross margin reached 67.7%, and management guided 2026 growth above 40% with capex up to $64 billion, supported by durable AI demand. CoreWeave looks the weakest despite revenue doubling to $2.575 billion and a $104 billion backlog, because heavy capex, negative free cash flow, widening losses, and high leverage make the rally look vulnerable. Overall, the piece suggests holding TSMC, caution on Apple, and skepticism on CoreWeave.