The stock is up 25 percent since the beginning of the year.
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Dusseldorf The possible effects of artificial intelligence (AI) on companies’ business models have triggered a hype on the stock exchanges in recent weeks. One fund manager who specializes in this area is Nick Cregan from Australian asset manager Fairlight Asset Management.
He invests in small and medium-sized companies and follows a special strategy: Because he believes that the AI winners of tomorrow are not yet foreseeable. “You’re going to have some leading companies that you think are going to be winners, and then all of a sudden there’s going to be an interesting technology that completely crowds out that business,” Cregan told Bloomberg.
Therefore, he invests in companies that he believes will benefit from artificial intelligence or are protected from its effects. One of his favorites is Scout24.
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