MRVL - Steve Cohen's Point72 Is Preparing To Launch New Hedge Fund Focused On AI Stocks | Benzinga
Steve Cohen's Point72 Asset Management is set to launch a new hedge fund with a focus on artificial intelligence, aiming to raise approximately $1 billion.
The fund will concentrate on both investing in and betting against AI hardware and semiconductor companies globally, such as Nvidia, Broadcom and Marvell Technology, among others, which have been top performers this year alongside other leading AI and chip stocks.
A New Frontier In AI Investment
The new hedge fund, managed by portfolio manager Eric Sanchez, is expected to commence operations either late this year or ...