Steve Cohen reduces Amazon and Nvidia stakes while buying Boston Scientific

Billionaire investor Steve Cohen has cut his holdings in two major tech companies. His firm, Point72 Asset Management, reduced its Amazon position by 6% and its Nvidia position by 24% in recent months. Point72 also sold its entire stake in SoundHound AI. At the same time, Cohen increased his investment in Boston Scientific by 50%. Boston Scientific's share price fell during this period, even though Cohen bought more. Amazon and Nvidia have each gained about 5% this year, which is less than the broader S&P 500 index, up around 10%. Cohen files regular reports with regulators, and other investors often study these to understand where he is putting his money.