{"id":695023,"date":"2026-05-26T05:34:08","date_gmt":"2026-05-26T05:34:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/695023\/"},"modified":"2026-05-26T05:34:08","modified_gmt":"2026-05-26T05:34:08","slug":"gcqs-doug-tynan-rotates-back-into-luxury-stocks-while-dumping-meta-and-amazon-amid-ai-chip-bubble","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/695023\/","title":{"rendered":"GCQ\u2019s Doug Tynan rotates back into luxury stocks while dumping Meta and Amazon amid AI chip bubble"},"content":{"rendered":"<p>Earlier this year, GCQ\u2019s high-profile investment chief Doug Tynan rapidly sold down his shares in luxury goods companies Louis Vuitton, Richemont and Hermes to fund a $200 million bet on software stocks, which had been sold off from fears that artificial intelligence would destroy their businesses.<\/p>\n<p>At the time, luxury stocks had been on a tear from an investor flight to safety as the <a href=\"https:\/\/www.afr.com\/markets\/equity-markets\/never-waste-a-good-sell-off-gcq-pours-200m-into-software-stocks-20260224-p5o4wk\" rel=\"nofollow noopener\" target=\"_blank\">so-called SaaSpocalypse pervaded global markets<\/a>. But the sector has more recently been battered by the Iran war as the skyrocketing oil price hits consumer spending.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Earlier this year, GCQ\u2019s high-profile investment chief Doug Tynan rapidly sold down his shares in luxury goods companies&hellip;\n","protected":false},"author":2,"featured_media":695024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":["post-695023","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/695023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=695023"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/695023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/695024"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=695023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=695023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=695023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}