1 year ago
GQG Trims AI-Linked Investments Due to Data-Center Demand Concerns
Rajiv Jain, who manages a big investment fund, is changing his investments related to Artificial Intelligence.
He's worried that companies building data centers, which are important for AI, might not need as much as everyone thought.
He learned this from talking to utility companies in Asia.
Jain is now more interested in utility companies because he believes they will do well because of the need for power.
He previously made a successful bet on Adani Group stocks.
He thinks the AI trend might be slowing down and is making investment decisions accordingly.
Rajiv Jain is decreasing investments linked to Artificial Intelligence.
Jain is concerned about data-center demand.
He is optimistic about utility companies.
Jain's fund previously invested in Adani Group stocks.
The fund is based on emerging markets equity.
- Who
- Rajiv Jain, manager of the GQG Partners Emerging Markets Equity Fund.
- What
- Rajiv Jain is trimming exposure to AI-linked investments and focusing more on utilities.
- Where
- Sydney, Australia at the Morgan Stanley Australia Summit
- When
- June 11, 2025
- Why
- GQG is adjusting its AI-linked investments due to concerns of waning data-center demand.
Focus on AI
Focus on Utilities
Investment Focus
Focus on AI
Previously, the focus was on AI and related investments.
Focus on Utilities
Jain is focusing on the utility sector globally due to investments in power generation, distribution, and transmission.
Key facts
- Event Location
- Sydney, Australia
- Published Date
- June 11, 2025
- Contrarian Bet
- Adani Group stocks
- Fund Name
- GQG Partners Emerging Markets Equity Fund
- Fund Size
- $23 billion
Sources
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