Tepper Q2 13F Shows Added NVDA Stake, New AI Neocloud Position
What happened
Appaloosa Management's Q2 2026 13F filing reveals that David Tepper's firm added to its existing NVDA position while simultaneously initiating or expanding a stake in a separate, debt-heavy AI neocloud operator. The 13F, reflecting holdings as of June 30, 2026, captures both moves as parallel AI infrastructure plays. The neocloud company's leverage profile was a noted feature of the filing's coverage. Exact share counts and notional values are on record in the regulatory disclosure.
The QL Read
NVDA's composite signal sits at 61/100 with the stock off 0.68% at $214.72 — in bullish territory, but well below high-conviction thresholds. With market breadth at 63.7% advancing, the tape is broadly supportive; Tepper's Q2 accumulation aligns directionally with the composite score, though the reading leaves meaningful room before it approaches high-conviction territory.