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.

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,