Billionaire Steve Cohen loads up on top AI stock, calms bubble fears
PositiveFinancial Markets

- Billionaire hedge fund manager Steve Cohen has significantly increased his investments in AI hardware and infrastructure through his firm Point72 during the third quarter, alleviating concerns about a potential AI bubble. The firm has notably expanded its position in Advanced Micro, reflecting a strong belief in the sector's growth potential.
- This development is significant as it indicates Cohen's confidence in the future of AI technologies, which may inspire other investors to follow suit, potentially stabilizing the market and reinforcing the importance of AI in the investment landscape.
— via World Pulse Now AI Editorial System

