GQG’s Kersmanc Says Early Big Tech Exit Is Finally Paying Off
Investors are questioning whether the debt-funded rollout of AI infrastructure is sustainable.
Photographer: Kyle Grillot/BloombergBrian Kersmanc at GQG Partners LLC says a decision to empty his funds of tech companies more than a year ago is finally starting to pay off.
Convinced that China’s low-cost DeepSeek products showed artificial intelligence was overhyped, he missed out on the blistering tech rally last year. AI became ubiquitous and firms made massive investments in data centers and chips.