Global Equities & the AI Capital Cycle: Broadening Opportunity, Rising Selectivity
Questions around AI have moved from whether the opportunity is real to a more challenging one: who will ultimately capture the economics? As investment in AI continues to expand, the global opportunity is broadening beyond core compute into memory, networking, power and other physical infrastructure—while the burden of proof on returns is rising.
Watch David Eiswert and the Global Focused Growth Equity team as they discuss how they are navigating a new, more selective phase of the AI capital cycle and what it could mean for investors
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- Event Takeaways
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- Why the AI investment cycle may have further to run, even as questions around returns and monetisation become more important.
- How the team is distinguishing between “first best” and “second best” opportunities as fundamentals, valuations and bottlenecks evolve.
- Why recent market rotation has reinforced the case for selectivity rather than retreat, and how the team is balancing AI participation with opportunities across the wider market.
Speakers
David Eiswert is a portfolio manager in the Global Equity Division. He is the portfolio manager for the Global Focused Growth Equity Strategy, a role he has held since October 1, 2012. David is a member of the Global Equity Steering Committee. He also is a vice president of T. Rowe Price Group, Inc.
Jennifer O’Hara Martin is a global equity portfolio specialist in the U.S. Equity Division. She is a member of the Global Growth Equity, Global Focused Growth Equity, Global Select Equity, Global Technology Equity, Communications & Technology Equity, and Science & Technology Equity Strategy teams. Jennifer is a vice president of T. Rowe Price Group, Inc.
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