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Podcast: On The Money
Episode: Why 2023’s biggest stock market story has staying power
Description: Arguably the main stock market story of 2023 has been the strong share price performances of the so-called ‘Magnificent Seven’ US technology companies. These household names have seen their share prices boosted by excitement around the potential of artificial intelligence (AI), which is predicted to disrupt various industries. Joining Kyle to explain why AI has plenty of staying power is Stephen Yiu, fund manager of the Blue Whale Growth fund. Yiu, who holds Nvidia and Microsoft among his largest holdings, points out that there will only be a handful of big winners from the AI trend. He also explains why he h...