Top fund manager sees existential threat from AI for software companies

nypost.com

A top fund manager warns artificial intelligence poses an existential threat to most software companies, potentially automating their services. Polar Capital's Nick Evans, whose fund beat 99% of peers, has sold nearly all software stock holdings, citing AI's accelerating disruption. The fund is now heavily invested in chipmakers like Nvidia, networking firms, and data center infrastructure, while maintaining a neutral stance on cybersecurity.


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