{"id":788950,"date":"2026-07-09T10:10:09","date_gmt":"2026-07-09T10:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/788950\/"},"modified":"2026-07-09T10:10:09","modified_gmt":"2026-07-09T10:10:09","slug":"asx-ai-stocks-why-fund-managers-are-pivoting-to-small-cap-picks-and-shovels-companies-to-capture-the-tech-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/788950\/","title":{"rendered":"ASX AI stocks: Why fund managers are pivoting to small-cap \u2018picks-and-shovels\u2019 companies to capture the tech boom"},"content":{"rendered":"<p>Australia\u2019s lack of exposure to large artificial intelligence stocks is forcing fund managers to pile into a group of smaller so-called picks-and-shovels companies which have generated huge returns, but are also becoming increasingly overcrowded.<\/p>\n<p><a href=\"https:\/\/www.afr.com\/markets\/equity-markets\/uninspiring-investors-lose-patience-with-asx-as-money-goes-offshore-20260622-p608xb\" rel=\"nofollow noopener\" target=\"_blank\">ASX investors have long been envious of Wall Street\u2019s outsized exposure to technology stocks<\/a> at the forefront of the AI revolution from chipmakers Nvidia and Broadcom to the hyperscalers like Microsoft and Amazon. In contrast, Australia\u2019s tech sector makes up just 2 per cent of the local bourse by weighting, and roughly half a per cent of the index\u2019s earnings.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s lack of exposure to large artificial intelligence stocks is forcing fund managers to pile into a group&hellip;\n","protected":false},"author":2,"featured_media":788951,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":["post-788950","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\/788950","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=788950"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/788950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/788951"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=788950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=788950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=788950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}