Sun, December 1, 2024
Sat, November 30, 2024
Fri, November 29, 2024
Thu, November 28, 2024
Wed, November 27, 2024
[ Wed, Nov 27th 2024 ] - Bill Williamson
Where to invest for 2025
Tue, November 26, 2024
Mon, November 25, 2024
[ Mon, Nov 25th 2024 ] - Bill Williamson
Business & Finance
Sun, November 24, 2024
Fri, November 22, 2024
Tue, May 9, 2017
Tue, April 18, 2017
Tue, March 21, 2017
Fri, February 17, 2017
Mon, January 30, 2017
Thu, October 6, 2016
Wed, October 5, 2016
Tue, October 4, 2016
Wed, September 28, 2016
Mon, September 26, 2016
Fri, September 23, 2016
Thu, September 22, 2016
Wed, September 21, 2016

AMD and Alphabet: Billionaire Steve Cohen Loads Up on 2 Big AI Stocks


//business-finance.news-articles.net/content/202 .. ire-steve-cohen-loads-up-on-2-big-ai-stocks.html
Published in Business and Finance on Wednesday, November 27th 2024 at 18:00 GMT by Bill Williamson   Print publication without navigation

  • AI is booming, providing an important pillar of support for the stock market's substantial year-to-date gains. Put into numerical terms, the

Billionaire investor Steve Cohen has significantly increased his investments in two major AI-focused companies, AMD and Alphabet, according to recent SEC filings. Cohen's Point72 Asset Management has boosted its stake in AMD by 1,700%, now holding 1.2 million shares, reflecting his confidence in the company's growth potential in the AI sector, particularly with its advancements in AI chip technology. Similarly, his firm has increased its Alphabet shares by 1,200%, now owning 2.3 million shares, driven by Alphabet's strategic positioning in AI through Google's various AI initiatives. This move underscores Cohen's belief in the transformative impact of AI across industries, betting on both hardware and software giants to lead the AI revolution.

Read the Full Business Insider Article at [ https://markets.businessinsider.com/news/stocks/amd-and-alphabet-billionaire-steve-cohen-loads-up-on-2-big-ai-stocks-1034071384 ]

Publication Contributing Sources