Enthusiasm for artificial intelligence has propelled stock markets to all-time highs in 2024. While some are cautious and flag risk ahead, fund manager Stephen Yiu and his Blue Whale Growth Fund remain invested in many of the stocks behind the rally, including Nvidia . On CNBC's Pro Talks, Silvia Amaro will ask the outperforming investor where he sees opportunities and risks in the current market. Watch Pro Talks live on Wednesday, December 18, at 12 p.m. London / 8 p.m. Singapore / 7 a.m.
Yiu is a portfolio manager at the U.K.-based Blue Whale Growth Fund and manages $1.4 billion in assets. Launched in 2017, the fund typically has a "high-conviction" portfolio of up to 35 stocks., one of the largest backers of ChatGPT maker OpenAI, on concerns over the tech giant's future profitability amid rapid AI spending.