Artificial intelligence represents an appealing opportunity amid a “shifting regime”, Blue Whale’s Stephen Yiu argued at the Investment Week Summit.
Manager of the £848.5m LF Blue Whale Growth fund Yiu said AI was "completely different" to any other disruptive theme, as it could lead to a new industrial revolution. Deep Dive: AI may have 'far reaching impact' but investors must beware 'hype' One of the few dedicated AI stocks on the market, Nvidia is one of the fund's top ten holdings and, despite its PE ratio of 243.5x, Yiu described its valuation as "quite attractive". "We are still significantly ahead of the market consensus" on Nvidia, Yiu argued. "We have just started a journey [when it comes to AI]. "ChatGPT is not the...
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