Billionaire Steve Cohen Dumps Advanced Micro Devices (AMD) Stock, Pulls the Trigger on Qualcomm (QCOM)

Billionaire Steve Cohen Dumps Advanced Micro Devices (AMD) Stock, Pulls the Trigger on Qualcomm (QCOM)

Steve Cohen is the founder of Point72 Asset Management, a family office that manages more than $12 billion. Cohen founded S.A.C. Capital Advisors in 1992, but the hedge fund shut down in 2016 after the firm pleaded guilty to insider trading charges. Point72 spun off from S.A.C. in 2016 and had only managed Cohen’s personal fortune and that of select employees until 2018, when the fund’s…

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