Tepper says quantitative trading machines are performing poorly this year despite prevalence of algorithmic finance.
“Machines, to compete against machines, which there's a lot of machine finance. The machines are doing shitty this year.”
Tepper says meeting AI power needs will require using natural gas.
“It has to be if you're gonna meet these power needs of what they need for AI, you're gonna have to use natural gas. You're gonna have to use natural gas.”
Tepper says he has no visibility on NVIDIA beyond 2025 into 2026 and 2027.
“Do you have the next generation models that can take their chip so it looks great in '24, looks great in '25? I have no idea in '26 and '27. I am no idea.”
Tepper argues meeting AI power needs will require natural gas, not just nuclear.
“It has to be if you're gonna meet these power needs of what they need for AI, you're gonna have to use natural gas.”
Tepper says he has no confidence in NVIDIA earnings forecasts for 2026 and 2027.
“I have no idea in '26 and '27. I am no idea. Okay? I mean, as if I was but I don't believe I don't believe my analysts.”
Tepper says he owns NVIDIA but trades in and out, not holding a constant position.
“I do own NVIDIA, but I go back and forth and back and forth a little bit, because I do, you know, I will trade a little bit.”