Billionaire Steve Cohen Doubles Down on AI Bets with Nvidia and Microsoft

Steve Cohen's Point72 Asset Management has significantly increased its stakes in two AI leaders—Nvidia and Microsoft—signaling long-term conviction in the sector. The billionaire investor, overseeing $35 billion in assets, views artificial intelligence as a transformative force with a decade-plus horizon. "This is a 10- to 20-year theme," Cohen emphasized, framing AI as an economic and societal game-changer.

The MOVE aligns with Wall Street's growing appetite for AI infrastructure plays. Nvidia's chips and Microsoft's cloud platforms underpin much of the generative AI boom. While cryptocurrencies weren't mentioned in Cohen's latest pivot, the parallel is clear: both AI and blockchain represent foundational tech shifts where early institutional bets often compound.