Fund Beating 99% of Peers Bought the Dip During Microsoft’s Rout
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A French fund that has beaten 99% of its peers over the past three years bought into Microsoft Corp.’s $357 billion rout on Thursday, predicting its heavy investments in artificial intelligence will eventually pay off.
“We remain confident the group is likely to emerge as an AI winner notably with its Co-Pilot product,” said David Rainville, lead manager of Sycomore Sustainable Tech fund, which holds about €514 million ($612 million) in global tech stocks.
