Polar Capital Technology Trust Diversifies Portfolio Away from 'Magnificent Seven' Tech Stocks

Polar Capital Technology's joint manager, Ben Rogoff, plans to gradually reallocate away from the "magnificent seven" tech stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Rogoff believes artificial intelligence is changing the technology landscape, bringing new companies into the investment universe. The trust now holds 93 stocks, including companies providing energy for AI data centers and those manufacturing necessary hardware and power. Rogoff aims to provide a broad and diversified portfolio of technology companies.