Stephen Yiu, the lead manager of the Blue Whale Growth Fund, shares his insights on the recent Big Tech selloff and the evolving perspectives on AI investments. He explains why he trimmed stakes in US tech firms, citing concerns over AI costs. The conversation dives into the rise of DeepSeek, a Chinese AI company poised to challenge American tech, and highlights new investment opportunities in sectors like sports gambling. Yiu also reflects on how political shifts influence market strategies while navigating the complexities of AI's transformative effects.