Bluestar Capital reduces its holdings in technology giants due to concerns over the costs of AI.
According to the Financial Times in the United Kingdom, due to concerns over 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, who stated that the Blue Whale Growth Fund, supported by billionaire Peter Hargreaves, has lowered its stake in Microsoft from 8% in January of this year to about 2%. The report mentioned that withdrawing investment from Microsoft led to the stock.
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