Avala fund gains 15% on AI investments

Divya Nettimi's hedge fund, Avala Global, experienced a significant rebound in April, gaining 15% in the first two and a half weeks. This surge effectively erased the double-digit losses incurred in March. The fund's recovery is attributed to strategic investments in artificial intelligence companies made at a discount. This performance highlights the potential for substantial returns in the AI sector, even amidst broader market volatility, and demonstrates the effectiveness of Nettimi's contrarian investment approach.