Billionaire Steven Cohen Just Raised Point72's Stake in This Under-the-Radar Artificial Intelligence (AI) Stock by 3,172%
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Billionaire Steven Cohen's investment firm, Point72, has significantly increased its stake in an under-the-radar AI stock by 3,172%. This move highlights the potential of lesser-known AI companies beyond the well-known 'Magnificent Seven' tech giants.
November 26, 2024 | 3:30 pm
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Point72, led by Steven Cohen, has increased its stake in RDDT by 3,172%, indicating strong confidence in the company's potential in the AI sector.
The significant increase in Point72's stake suggests a strong belief in RDDT's growth potential in the AI sector. This could attract more investor attention and positively impact the stock price in the short term.
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