Billionaire George Soros Invests in AI-Linked ’Magnificent 7’ Stocks Despite Earlier Concerns
George Soros, the billionaire investor renowned for his 1992 bet against the British pound, has taken significant positions in two AI-focused 'Magnificent 7' stocks through Soros Fund Management. This MOVE comes more than two years after he voiced skepticism about artificial intelligence, warning of its potential threats to open societies.
The fund, which manages $28 billion in assets, has pivoted toward AI-driven equities despite Soros' earlier reservations. While he no longer oversees day-to-day operations, his influence as chairman remains evident in these strategic allocations.
Market observers note the irony in Soros Fund Management's AI bets, given the investor's 2021 remarks about instinctively opposing the technology. The move suggests a pragmatic adaptation to prevailing market trends, where AI continues to drive valuation growth across tech sectors.
