Australia’s top global technology investors have long prided themselves on identifying the next leg of the artificial intelligence trade before the rest of the market catches on.
It helped them generate huge returns earlier this year from memory stocks like SK Hynix, Micron and Samsung Electronics, which make chips for the data centres powering AI. But hedge fund Minotaur Capital’s Thomas Rice is among a cohort of growth managers now betting on a new stage in the lucrative trade, and he is going all-in.
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