The Folly of Chasing Hot Tech Stocks in China The recent downturn in technology stocks listed in mainland China has left a trail of devastation for some of the country's most seasoned fund managers, who had been betting big on artificial intelligence plays.
The AI frenzy that once promised lucrative returns has turned into a cautionary tale about the dangers of chasing hot tech stocks.
One notable example is Great Wall Invesco Fund Management's flagship fund, managed by Liu Yanchun.