BUSINESSJul 17 · 05:48 UTCBLOOMBERGRay Ndlovu

Coronation Trims TSMC, SK Hynix on AI Hype, Boosts India Stocks

Coronation Asset Management Ltd. reduced its exposure to chipmakers like TSMC and SK Hynix due to heightened expectations for AI stocks, while increasing its investment in India. The firm cited AI stock valuations as being nearly impossible to meet.

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Coronation Asset Management Ltd.organizationTSMCorganizationSK HynixorganizationIndiaplaceArtificial Intelligencetopic

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