David Tepper cut Micron by 41%, dumped Sandisk entirely and is now betting against Apple with $242 million in put options

Billionaires.Africa 25 h Botswana

David Tepper's Appaloosa Management cut its Micron stake by 41%, sold its entire Sandisk position and placed a $242 million bet against Apple in the second quarter, raising questions about whether the memory chip supercycle is approaching its peak.

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