Billionaire Steven Cohen Just Raised Point72's Stake in This Under-the-Radar Artificial Intelligence (AI) Stock by 3,172%
Reddit(RDDT) The Motley Fool·2024-11-26 15:15
Steven Cohen's hedge fund, Point72, made a massive splash during the third quarter after buying over 2 million shares in Reddit.When it comes to investing in artificial intelligence (AI), there are no other stocks that garner more attention than the "Magnificent Seven." While each of those megacap tech giants presents a unique opportunity in the AI space, smart investors understand that there are other options.Steven Cohen of Point72 Asset Management made a pretty big statement during the third quarter, hav ...