David Tepper sells Amazon, invests in AI-focused Vistra

Billionaire David Tepper has sold 600,000 shares of Amazon, reducing his stake by 19%. He has also purchased 1.4 million shares of Vistra, more than doubling his investment in the power-generation company. Vistra is expected to benefit from increased electricity demand due to artificial intelligence. Despite a recent decline in stock prices for both companies, Wall Street predicts significant rebounds, with Vistra potentially rising 55% from its current price. Amazon continues to leverage AI across its e-commerce and cloud services, maintaining strong growth despite recent sales misses. Tepper's shift in investments suggests a strategic rebalancing rather than a loss of confidence in Amazon.