Reported about 8 hours ago
The $11 billion Findlay Park Fund, which has significantly outperformed its peers this year, has decided to reduce its investments in major tech stocks, including completely divesting from Nvidia and decreasing its stake in Microsoft. The fund's CEO, Simon Pryke, noted that while the tech giants had previously driven growth, current earnings growth expectations are subdued. Despite this adjustment, the overall outlook for the tech sector remains positive, with analysts predicting further gains.
Source: YAHOO