Steve cohen says ai will be decades-link theme, but monday proves it won’t be a ‘straight line’

Miami beach, fl. -Billionaire Investor Steve Cohen is Standing By His Long-Term Bully of Artificial Intelligence Despite The Wild VOLATILITY Recently, Saying The Transformational Shift Take Decades to Realize.

“This is a 10- to 20-yar theme. It’s gonna affect everybody in how they go to their lives, how they do their business,” Cohen said at iconnections global alts Conferencesday. ” “We’re stiff in the first, second inning of a something that’s going to be transformational for the economy and the world …. it is such a dramaatic, important shift that to ignore it, and I think it ‘

The Chairman and Ceo of Hedge Fund Point72’s comment came as young chinese ai startup Deepsek Sparked A massive rout in US Technology Stocks Monday. Deepseek’s highly competitive models media The Hype Around Nvidia’s Chips,

Cohen, who also owns the new york meets, said the AI ​​Boom BOM BOS and DOWNS and DOWNS and the Lack of Accurate Information Blad EXACERBATE VOLICE AROUND AI-Rend AROUND AROUND

“It’s going to be episodic. It going to go in a straight line. There’ll be advances, and then it goes quiet,” Cohen said. ” “And there’re going to be moments when people are going to doubt it like yesterday. There’s a lot of people who have more D oven Some Ai Securities. And so you get a lot of misinformation. “

NVIDIA, AI’s Biggest Enabler So Far, Saw Shares Tank 17% on Monday, or almost $ 600 billion in Market Value – The Biggest ever one-day drop in value for a US company. The megacap name rebounded 7% tuesday.

Cohen also revised that his firm has raised $ 1.5 billion for its new ai-focused headge fund to capitalize on the boom.