Shares of ALT5 SIGMA CORPORATION (ALTS) soared 9.80% in pre-market trading on Tuesday, following the disclosure of a stake in the company by Steve Cohen's Point72 Asset Management. The stock's significant upward movement reflects investors' positive reaction to the involvement of the prominent hedge fund.

The stake disclosure by Point72 Asset Management has sparked increased interest in Alt5 Sigma among investors. Steve Cohen, the founder of Point72, is a well-known figure in the financial world, and his firm's investment decisions often draw attention from market participants. The exact size of Point72's stake in Alt5 Sigma has not been specified in the initial reports.

This development could potentially signal confidence in Alt5 Sigma's business model and future prospects. Investors often view such moves by established asset management firms as a positive indicator, which can lead to increased demand for the stock. As the market opens, it remains to be seen how this pre-market surge will translate into regular trading hours and whether Alt5 Sigma can maintain this momentum.