英国《金融时报》援引Yiu的话说，微软的投资资本回报率“可能会从这里下降，因为对人工智能基础设施进行了大量投资”。他说，如果人工智能投资超过现金产出，该基金将考虑完全出售其在微软的股份。According to a report from the Financial Times in the United Kingdom, due to concerns about the costs of AI, Blue Whale Capital LLP has reduced its holdings in major technology companies in the USA.
The report cites fund manager Stephen Yiu saying that the Blue Whale Growth Fund, supported by billionaire Peter Hargreaves, has reduced its stake in Microsoft from 8% in January of this year to about 2%. Reports indicate that the withdrawal from Microsoft has led to the stock falling out of the fund's top ten for the first time since the fund's establishment in 2017.
The report states that Yiu has also reduced his stake in Meta Platforms Inc. from 5% to 3%.
The Financial Times in the United Kingdom quotes Yiu as saying that Microsoft’s ROI 'may decline from here due to massive investments in AI infrastructure.' He stated that if AI investments exceed cash output, the fund will consider completely selling its shares in Microsoft.
Yiu mentioned that, apart from NVIDIA, the fund is becoming less optimistic about other so-called big seven tech stocks due to expenditures in AI. According to a list on the website, NVIDIA remains one of the largest stocks held by the fund.
