Since taking over T. Rowe Price’s Global Technology Fund Dom Rizzo has outperformed his competitors and market benchmarks. He explains why AI was and will be a major emphasis.
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DOMINIC RIZZO
- Portfolio Manager, T. Rowe Price Global Technology Fund
- Portfolio Manager, T. Rowe Price Global Technology Equity Strategy
ACTION POINT
CONSIDER DOING SOME REBALANCING IN YOUR STOCK PORTFOLIO
- Artificial Intelligence has great potential.
- Not to the exclusion of other essential businesses
- Benjamin Graham’s “Mr. Market” offering AI investments at spectacularly higher prices than just months ago
- This is as good a time as any to look at less popular areas
- Morningstar’s Analysis:
- “Value and small-cap stocks remain most attractively priced for long-term investors.”
- “Real estate, energy, and consumer cyclicals are the most undervalued sectors.”
ONE INVESTMENT
INNOVATION ACCELERATOR
RIZZO: Buy ASML Holding NV (ASML)
Price: $751.38 on 9/10/24
52-week range: $564.00 – $1,110.09
STOCK MENTIONS
- NVIDIA Corporation (NVDA)
- Intel Corp (INTC)
- Salesforce Inc (CRM)
- Adobe Inc. (ADBE)
- MongoDB, Inc. (MDB)
- SAP SE (SAP)
- Advanced Micro Devices, Inc. (AMD)
- Synopsys, Inc. (SNPS)
- Cadence Design Systems, Inc. (CDNS)
- Taiwan Semiconductor Mfg. Co. Ltd. (TSM)
- ASML Holding NV (ASML)
- Apple Inc. (AAPL)
- Microsoft Corporation (MSFT)
- Workday Inc (WDAY)
- Alphabet, Inc. (GOOGL)
- Amazon.com, Inc. (AMZN)
- Meta Platforms, Inc. Class A (META)
FROM THE ARCHIVE
Discussions about Artificial Intelligence from the WEALTHTRACK Archives:
WEB EXTRA
TECHNOLOGY & AI FOCUS
How did economics & political science major Dominic Rizzo end up running a Global Technology portfolio?
