Billionaire Steve Cohen Sold Amazon and Nvidia but Loaded Up on This Beaten-Down Stock
Yahoo Finance ·
Steve Cohen runs Point72 Asset Management , and investors closely watch his investment decisions through that hedge fund's 13F filings. The most recent 13F highlighted two interesting moves. First, Cohen took profits in artificial intelligence leaders Amazon ( AMZN 0.80% ) and Nvidia ( NVDA +3.65% ) . Second, he dramatically increased his position in Boston Scientific ( BSX 1.08% ) . Here's a look at Steve Cohen's stock buying and selling and why you might want to consider making similar investment moves. Since the start of 2026, neither Amazon nor Nvidia have been a particularly strong performer. Amazon and Nvidia were only up around 5% year to date as of this writing, trailing the roughly 10% gain of the S&P 500 index ( ^GSPC 0.28% ) . That comes after a multi-year advance for each company. Over the past decade, Amazon was up over 560% compared to a gain of 260% for the S&P 500 index. Nvidia's stock rose more than 16,000% over the same span. Taking profits from strongly performing stocks is hardly shocking, especially as they start to lag the broader market after a long period of strength.
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