A London-based fund manager is blaming retail traders and meme stock frenzy for a brutal 20% plunge in his multi-billion-pound AI fund, calling it a perfect storm of speculative trading, AI spending fears, and global unrest. Despite the chaos — including a temporary halt to trading in South Korea — Yiu doubled down, snapping up discounted shares of SK Hynix, betting on its long-term strength. He sees the downturn not as a crisis, but as a buying opportunity to fortify his portfolio for future gains.
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