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China's Luxiu Lvjing Fund Manager advises caution on AI stocks due to 'huge fundamental risks', particularly in public safety. The fund has significantly outperformed the benchmark and focuses on global tech companies, achieving strong returns from investments in PDD Holdings Inc. and Apple Inc. Yun Bingwang, the fund manager, is closely monitoring AI's impact on tech giants and the risks associated with it. The fund has compensated for missing out on AI gains by focusing on PDD, which recently surpassed Alibaba Group Holding Ltd. in market value.

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