Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns

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Financial Times 20h ago

Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns - Financial Times

Quick Summary:

He said the fund’s exposure to some of these stocks, excluding Nvidia, now amounts to only 5 per cent of his portfolio — far less than the MSCI World’s 20 per cent.

But top investors including Warren Buffett in the US and Terry Smith in the UK have recently scaled back or sold out of certain Magnificent Seven companies.

Buffett, one of the world’s best-known investors, continued to slash Berkshire Hathaway’s holding in Apple last month and has cut almost two-thirds of the stake in just over a year.