Baillie Gifford & Co., a company known for its focus on high-growth technology investments, is changing its strategy to invest in "boring" US infrastructure stocks.

This shift is based on the anticipation of a significant increase in construction activity after years of insufficient investment.

Stuart Dunbar, a partner at the investment firm based in Edinburgh, expressed optimism about infrastructure development in the US, UK, and other regions during a recent discussion in Tokyo.

While Baillie Gifford still holds some positions in major US tech stocks, the firm is currently underweight in many of these due to concerns about high valuations.

This strategic change aligns with the firm's goal of capitalizing on emerging opportunities in the infrastructure sector.