Reported 1 day ago
Billionaire investor Steven Cohen, founder of Point72 Asset Management, recently sold all of the fund's shares in SoundHound AI and significantly increased its stake in Nvidia by 207%. The move away from SoundHound reflects concerns about its unprofitability and competition in the tech sector, while investment in Nvidia is driven by its strong market position in the AI revolution, providing essential hardware for data centers and autonomous technologies.
Source: YAHOO