David Tepper Comments on Chinese Central Bank and Nvidia on CNBC

The Appaloosa LP manager discussed China's easing policy and his Nvidia position in a Squawk Box interview

Sep 26, 2024

Summary

Tepper discussed China's easing policy and mentioned how other countries are lowering interest rates.
The Appaloosa LP manager also commented on his stance on Nvidia stock.

David Tepper (Trades, Portfolio) discussed on CNBC's Squawk Box about how the Chinese Central Bank has started easing interest rates. The Appaloosa LP manager also said that the Chinese would “do more and more” to help stimulate the
economy.

Tepper also discussed why his firm does not plan on buying the dip in Nvidia (NVDA, Financial) despite selling more than 84% of its stake in Nvidia during the second quarter.

Watch clips of Tepper's full interview on Squawk Box below:

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