Billionaire Steve Cohen Is Selling This Hot Artificial Intelligence (AI) Stock [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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investors.broadcom.com
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Source: Yahoo! Finance
One of the top AI stocks that many investors have piled into is Broadcom (NASDAQ: AVGO) . The stock is up around 60% this year, making it a top performer in the market. However, not every investor is confident that Broadcom can continue its run. Point72, run by billionaire Steve Cohen, slashed its Broadcom holdings in the second quarter, selling two-thirds of its stake. After the sale, the position now makes up 0.79% of its total holdings. So the original weighting was fairly significant, especially considering that Point72's current largest holding makes up 1.98% of its portfolio. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » With an incredibly successful investor selling this hot AI stock, should you follow suit? Or is this hedge fund just taking gains? Hedge funds have different measures of success than individual investors. Because hedge funds need to show their clients that they are performing well each quarter
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AVGO
Earnings
- 9/5/24 - Beat
AVGO
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 4
- 10/16/24 - Form 4
- AVGO's page on the SEC website