Billionaire investor David Tepper's Appaloosa fund exited its entire position in Sandisk (SNDK) during the second quarter of 2026. This move comes after Sandisk shares surged over 3000% in the trailing year (as of August 27).

Despite the Sandisk divestment, approximately 77% of Tepper's fund assets remain tied to AI-centric companies, with major holdings including Nvidia (NVDA), Taiwan Semiconductor Manufacturing (TSM), and Amazon (AMZN). The decision to dump Sandisk is attributed to potential profit-taking and historical concerns over the cyclical nature of memory and storage solutions.