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Heartland Advisors co-portfolio manager shifts away from AI hype

The manager argues investors should focus on companies that can use AI as operating costs fall, rather than chasing AI branding.

Reported · Written up by our desk · Fund Industry

MarketWatch reports that Heartland Advisors co-portfolio manager urged investors to ignore Wall Street’s AI hype and instead focus on areas tied to practical applications.

The outlet says the manager points to themes such as fires and HVAC, and also cites Berkshire Hathaway as an example while emphasizing companies that can use AI as costs come down.

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