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GQG’s Jain cuts AI exposure on data centre woes, backs utilities
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Rajiv Jain, manager of the $23 billion GQG Partners Emerging Markets Equity Fund, is trimming exposure to investments linked to artificial intelligence on concerns of waning data-centre demand, while remaining bullish on utilities.
Utility companies in Asia have flagged that hyper-scalers are paring back data-centre demand numbers following the region’s aggressive AI growth, Jain said Wednesday at the Morgan Stanley Australia Summit in Sydney.
“What we’ve learned from a lot of utilities is that there’s probably some more double counting. The…
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