Billionaire Steve Cohen Bets on AI Amid Market Uncertainty
Wall Street heavyweight Steve Cohen is doubling down on artificial intelligence investments despite growing market unease. The Point72 Asset Management founder, overseeing $40 billion in assets, recently reshuffled his AI portfolio while maintaining conviction in the sector's long-term potential. "This technology cycle will have duration and massively impact how we live," Cohen asserted, dismissing short-term volatility concerns.
Alphabet CEO Sundar Pichai's warning about "elements of irrationality" in current markets underscores the tension between AI HYPE and fundamental value. Yet institutional players like Cohen continue positioning for what they see as a transformative decade ahead, with chipmakers remaining central to the thesis though specific holdings appear in flux.
