Investor Brad Gerstner bought notable first-quarter underperformers Tesla and Alphabet on the dip


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Altimeter Capital's Brad Gerstner is betting on some of the first quarter's biggest technology underperformers, revealing fresh Alphabet and Tesla stakes during an interview with C NBC's "Halftime Report" on Wednesday. Both Alphabet and Tesla have lagged most of their "Magnificent 7" peers year to date as they grapple with a slew of company-specific headwinds. Alphabet is up 7%, while Tesla's slumped 27%. By comparison, both Nvidia and Meta Platforms have surged 82% and 39%, respectively. GOOGL YTD mountain Alphabet shares in 2024 The underperformance at Alphabet has stemmed from a slew of AI missteps, including flaws that forced the...