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I have no doubt AI will change the world and is a viable long-term theme, but in the short-term I think it has been overdone. I certainly wouldn’t be chasing the Nasdaq today after 30%-plus gains. Further down the market cap spectrum, however, stocks are trading at much lower valuations. ....
Equities have dominated FundCalibre’s summer investment committee, with eight of nine funds awarded an Elite Rating or Elite Radar equity offerings ....