A top-performing fund manager at Pacific Investment Management Co. is betting the next winners of the AI boom will be found outside of crowded US Big Tech firms. Instead, the strategy shifts toward Asian equipment suppliers, Chinese financials, and healthcare stocks. This move away from the dominant "Mag Seven" reflects a broader search for growth opportunities in emerging markets.

The manager believes these Asian sectors offer more sustainable valuations and exposure to structural trends beyond the current US tech concentration. By reallocating capital, the fund aims to capture upside potential in regions experiencing rapid industrialization and financial deepening. The decision underscores a strategic pivot towards diversification and value discovery in the current market landscape.