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An AI stock picker that beat the S&P 500 last year is dumping tech stocks — but holding on to these Magnificent 7 firms

  • Qraft Technologies' AI-enhanced momentum fund beat the S&P 500 by over 10% last year.
  • The fund is reducing its exposure to tech stocks but still holding onto Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA).
  • The AI algorithm is diversifying into financials and communications services, picking up Wells Fargo (WFC) and Morgan Stanley (MS).
  • Despite ongoing challenges, the fund remains confident in the long-term growth potential of Nvidia and Tesla.

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