Cohen also said his firm expects to raise $1.5 billion for its new AI-focused hedge fund to capitalize on the boom. Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Point72 Asset Management recently purchased over 10 million shares of Confluent and Amylyx Pharma common stock, worth more ...

We recently published a list of Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential. In this article, we are going to take a look at where Adobe Inc. (NASDAQ:ADBE ...

We recently published a list of Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ ...

Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently. Cohen, who also owns the New York Mets, said the AI boom ...

We recently published a list of Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential. In this article, we are going to take a look at where Amazon.com Inc. (NASDAQ:AMZN ...

Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently. Cohen, who also owns the New York Mets, said the AI boom ...

We recently published a list of Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential. In this article, we are going to take a look at where UnitedHealth Group ...

Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently. Cohen, who also owns the New York Mets, said the AI boom ...