Meta Platforms: Billionaire David Tepper Buys in On Stock En Route to $2T Club
The US stock market is hopeful that it can bounce back in a big way throughout June. In the first five months of the year, increased volatility has been the prevailing theme. Yet, that hasn’t slowed down some prominent investors. With Meta Platforms (META) performing well, billionaire Dave Tepper has bought in on the stock as the company closes in on the $2 trillion club.
There are few tech firms as promising as Meta over the last year. Moreover, it has emerged as a top investment option of a Magnificent 7 group that has failed to live up to sky-high expectations entering the year. The question is, should you follow Tepper’s lead and buy in on the Mark Zuckerberg-led firm before it surges in 2025?
Also Read: Meta Platforms: Two Reasons Stock Looks Bound for $700
David Tepper Buys In On Meta: But What’s Next For The Stock?
The US stock market has gotten off to a rough start in June thus far. Increased trade tensions have seen various futures plummet, as both the Nasdaq and S&P 500 fell to start the week. Yet, despite the ongoing geopolitical and macroeconomic concerns, there are reasons to be optimistic.
A host of Magnificent 7 stocks have gained slightly as investors have shown a clear belief in their potential. Among them is Meta Platforms (META), with notable investors like billionaire David Tepper buying stock that appears bound for the coveted $2 trillion club.
Also Read: Meta Platforms Continues AI Push: Launches New Standalone App
According to a recent report, Carolina Panthers owner Tepper increased his position in META in Q1. That wasn’t all; the move also saw him decrease his position in companies like Amazon (AMZN), Microsoft (MSFT), and Nvidia (NVDA). That shows a clear belief from Tepper and his Appaloosa Management hedge fund in META over its mega-cap counterparts.
Currently, META features a market cap of $1.646 trillion. Moreover, if it is able to break through the $2 trillion mark, it would become just the 6th firm to achieve such a feat. Specifically, it would join Alphabet (GOOGL), Amazon, Apple (AAPL), Nvidia, and Microsoft.
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Meta Platforms: Billionaire David Tepper Buys in On Stock En Route to $2T Club
The US stock market is hopeful that it can bounce back in a big way throughout June. In the first five months of the year, increased volatility has been the prevailing theme. Yet, that hasn’t slowed down some prominent investors. With Meta Platforms (META) performing well, billionaire Dave Tepper has bought in on the stock as the company closes in on the $2 trillion club.
There are few tech firms as promising as Meta over the last year. Moreover, it has emerged as a top investment option of a Magnificent 7 group that has failed to live up to sky-high expectations entering the year. The question is, should you follow Tepper’s lead and buy in on the Mark Zuckerberg-led firm before it surges in 2025?
Also Read: Meta Platforms: Two Reasons Stock Looks Bound for $700
David Tepper Buys In On Meta: But What’s Next For The Stock?
The US stock market has gotten off to a rough start in June thus far. Increased trade tensions have seen various futures plummet, as both the Nasdaq and S&P 500 fell to start the week. Yet, despite the ongoing geopolitical and macroeconomic concerns, there are reasons to be optimistic.
A host of Magnificent 7 stocks have gained slightly as investors have shown a clear belief in their potential. Among them is Meta Platforms (META), with notable investors like billionaire David Tepper buying stock that appears bound for the coveted $2 trillion club.
Also Read: Meta Platforms Continues AI Push: Launches New Standalone App
According to a recent report, Carolina Panthers owner Tepper increased his position in META in Q1. That wasn’t all; the move also saw him decrease his position in companies like Amazon (AMZN), Microsoft (MSFT), and Nvidia (NVDA). That shows a clear belief from Tepper and his Appaloosa Management hedge fund in META over its mega-cap counterparts.
Currently, META features a market cap of $1.646 trillion. Moreover, if it is able to break through the $2 trillion mark, it would become just the 6th firm to achieve such a feat. Specifically, it would join Alphabet (GOOGL), Amazon, Apple (AAPL), Nvidia, and Microsoft.
Read More