Macro Finance
Coronation Trims TSMC, SK Hynix on AI Hype, Boosts India Stocks
Bloomberg Markets·July 17, 2026·1 min read
Coronation Asset Management Ltd., which oversees $47 billion, has trimmed its exposure to chipmakers and increased its allocation to India, as expectations for artificial intelligence stocks have risen to levels that are nearly impossible to beat. The move reflects a strategic shift away from overvalued AI stocks.
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