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Appaloosa’s David Tepper reveals new position in Intel, raises bets on UnitedHealth

Source: cnbc.com cnbc.com
News Snapshot:

Appaloosa Management's David Tepper on Thursday disclosed a new position in Intel , amid news reports that the Trump administration is considering a stake in the U.S. chipmaker. He also built a strong stake in beaten-down insurer UnitedHealth Group . The hedge fund billionaire built a sizable Intel stake of $179.2 million in Intel at the end of the second quarter, according to its latest regulatory filings. The disclosure comes after Bloomberg, citing sources familiar, said the U.S. government will potentially claim a stake in the chipmaker and support its efforts to expand domestic manufacturing. On Thursday, Intel shares closed…

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