Top Fund Managers Reveal 17 Stock Picks and the Big Trends to Watch in 2026
Australian Financial Review
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Details
- Date Published
- 28 Dec 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 30 Dec 2025, 06:31 am
Description
Investors are likely to take a more nuanced approach towards AI-oriented stocks in the year ahead, while some have an eye on defensive sectors such as energy and health.
Summary
This article highlights anticipated shifts in investor strategies for AI-oriented stocks as Australia's top fund managers forecast significant changes in 2026. The focus is expected to move from large-cap companies that dominated AI infrastructure in 2025 to more specialized stocks, like those in component manufacturing for AI systems, indicating nuanced market predictions. Armina Rosenberg's insights suggest a pivot in investment tactics, hinting at the maturation and potential diversification of AI technologies and industries. While the article provides strategic financial insights, it only touches on AI safety indirectly as investors consider broader market impacts.
Body
MarketsChanticleerPrint articleDec 29, 2025 – 5.00amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginHere comes the AI plot twist. The artificial intelligence story dominated markets in 2025, but Australia’s top fund managers expect a new tech narrative to emerge in the next 12 months – and the easy wins might be done.Armina Rosenberg, co-founder of Minotaur Capital, says that while the big gains in 2025 were concentrated in a handful of mega-cap companies, mainly operating in the infrastructure layer of the AI industry, next year’s winners will look different. First, she likes stocks that make the components that enable large-scale AI computing. Secondly, Rosenberg is tipping some apparent AI losers to make a comeback.Loading...James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerOpinionSharemarketManaged fundsFuture Generation Global Investment CompanyAIZip CoSharesAmazonGrant HackettFetching latest articlesThe 10 top AFR Magazine reads of 2025The untold story of the most lethal Sydney to Hobart race in 26 years24 new watches to ring out the year (from $170 to $218k)The 5 biggest corporate stuff-ups of 2025James ThomsonLeaders fail because they don’t understand one thing, says this CEOBega CEO reveals his latest health obsession (it’s not only protein)The Sydney New Year’s Eve hotel suite that costs $500kLucy SladeThe top Life & Leisure reads of 2025Look sharp with a retro polo shirt and a limited-edition Tag HeuerCash cow: WA dairy booms thanks to billionaire Gina Rinehart’s backingMark WembridgeCan you beat our experts’ 21 predictions for 2026?Billionaire Lederer wins battle for control over $270m property fund