Daniel Mahr, a money manager, has successfully utilized his machine-learning model to achieve significant stock market returns, steering clear of major tech stocks like Nvidia amid their volatility. Despite a $2 trillion market decline drawing buyer interest due to perceived bargains, Mahr remains cautious, viewing them as still overpriced. His Federated Hermes fund has outperformed the Russell 3000 Index, showcasing his effective risk management and selection strategy, particularly in an investment climate where many strategies struggle, reflecting the growing reliance on AI in investment processes.
Mahr has maintained market-beating returns with his AI model, avoiding volatile tech stocks despite the AI boom, emphasizing careful stock selection and risk management.
Despite the decline of major tech stocks, they remain expensive and volatile, prompting Mahr to maintain his cautious stance against investing heavily in them.
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