Steven Cohen of Point72 Asset Management bought 1.5 million shares of Nvidia, increasing his stake by 75%. It is now his largest position excluding options. Meanwhile, he sold 1.5 million shares of Apple, completely exiting the position.

Valued at a market capitalization of nearly $3.3 billion, Nvidia (NVDA) is among the world’s largest companies. The chip stock has surged over 800% since late 2022, as it is at the epicenter of the artificial intelligence (AI) megatrend.

Jensen Huang, CEO and founder of Nvidia, which makes chips used to train artificial intelligence ... [+] technology, takes part in a press conference at the Government Office in H

Longtime Nvidia board member Tench Coxe is among the company’s newly minted billionaires. Tench Coxe, a long-standing member of Nvidia’s board of directors, is starting off 2025 with an enviable new feather in his cap: a spot on the Bloomberg Billionaires Index.

Nvidia shares grew 171% in 2024, leading to newly minted billionaires. Tench Coxe, 66, a member of Nvidia's board since 1993, has earned a place on the Bloomberg Billionaires Index for the first time,