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Qraft Technologies' AI-enhanced momentum fund outperformed the S&P 500 by over 10% last year, achieving a 38% gain. However, in response to market volatility, the fund is significantly reducing its tech stock exposure. Despite this shift, it continues to hold onto major players like Nvidia, Meta, and Tesla.
The fund's AI algorithm, which utilizes machine learning to analyze stock price trends, has rebalanced its portfolio to decrease tech holdings from over 40% to 26%. This strategic pivot includes diversifying into financials and communications, with new investments in companies like Wells Fargo and Morgan Stanley. The AI model remains optimistic about the long-term growth potential of its retained tech stocks, particularly Nvidia and Tesla.
• Qraft Technologies' AI fund outperformed the S&P 500 by 10% last year.
• The fund is reducing tech exposure while retaining key holdings.
Machine learning is used to analyze stock price trends and inform investment decisions.
The algorithm evaluates price momentum to predict future stock performance.
Clustering sorts data into similar groups to identify investment opportunities based on past performance.
Qraft Technologies utilizes AI to manage investment strategies and enhance fund performance.
Nvidia is a key holding in the fund, reflecting confidence in its long-term growth in AI.
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