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January 2024 / EQUITY

Tech Tour Insights: What's Next for AI Investing?

Listen to our panel of technology portfolio managers discuss key takeaways from their annual trip to Silicon Valley.


Each year for nearly two decades, a large group of T. Rowe Price portfolio managers and analysts have traveled to Silicon Valley to meet with top executives of leading and emerging technology companies. Despite many supplemental trips, the annual tour to what remains the global center for high technology and innovation continues to be one of our most energizing and collaborative outings. 

Following the launch of ChatGPT in November 2022, this past year saw the explosion of artificial intelligence (AI) investing across the technology sector. AI enthusiasm materially contributed to stock market returns in 2023, as the market became optimistic on the productivity gains this transformative technology can have across the global economy.   

As we think about the future of technology investing in 2024, we appreciate that investors will be addressing crucial questions, such as:

  • How long can AI continue to grow, and how do companies monetize this newer technology?
  • Where are investment opportunities in technology outside of the AI space, including software, e-commerce, electric vehicles, and video on demand?

Listen in, as our panel of technology portfolio managers – Dom Rizzo, Jim Stillwagon, and Tony Wang – discuss takeaways from their annual Silicon Valley trip and debate what is next for investing in this rapidly evolving sector.


This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

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