Reported about 7 hours ago
Portfolio manager Dominic Rizzo from T. Rowe Price highlights that the tech sector, particularly the so-called Magnificent Seven—Meta, Microsoft, Alphabet, Amazon, Apple, Nvidia, and Tesla—has shown signs of recovery and investment returns from AI are starting to be realized. Despite a lackluster performance earlier in the year, companies like Meta and Nvidia are becoming better positioned for growth through AI advancements. Rizzo predicts continued earnings growth and increased valuations for these tech giants, with the AI chip market projected to reach $400 billion by 2027.
Source: YAHOO