By Alex Gluyas
Publication Date: 2025-12-15 03:24:00
A sharp turn away from artificial intelligence stocks has entangled some of Australia’s top technology investors, erasing months of returns and prompting some funds to double their bets.
Skepticism about the lofty valuations of Wall Street tech giants and the sustainability of their aggressive spending on AI fueled the sell-off. Those concerns intensified last week after a disappointing sales outlook from chipmaker Broadcom and a report that Oracle had delayed building data centers for ChatGPT owner OpenAI.
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