TREE NEWS reports: Emmanuel Sharef, who runs PIMCO’s flagship 60/40 balanced income and growth fund, is betting the next AI winners won’t be crowded US tech giants, shifting toward Asian equipment suppliers and Chinese financial and healthcare stocks. He cites rising debt burdens and uncertain earnings outlooks among many large US tech firms as spending soars.
PIMCO fund manager trims US Big Tech, bets on Asia on AI
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