Welcome to Extreme Investor Network, where we bring you the latest insights and tips on investing in the ever-evolving world of technology. Today, we are thrilled to share with you the favorite tech stock picks of a top technology fund manager, Tony Wang of T. Rowe Price.
In a recent interview on CNBC’s “Squawk Box,” Wang highlighted the exciting opportunities in the technology sector, particularly in companies focused on artificial intelligence. While semiconductor and infrastructure names have been popular in recent years, Wang believes that the tide is shifting towards software companies and app developers who are launching and integrating AI products.
One of Wang’s top picks is Marvell Technology, a company he sees as a key player in the long-term AI landscape. With custom chip products used by hyperscalers like Amazon, Marvell Technology is positioned for success, according to Wang. He also praised the company’s CEO for being a strong “capital allocator.”
In addition to Marvell Technology, Wang is keeping an eye on emerging beneficiaries in the AI space, such as Palantir and Applovin. Applovin, in particular, has caught Wang’s attention for its digital advertising moat and strong execution. The stock surged 77% following a strong earnings report and has seen a remarkable 590% increase in share price this year.
Wang emphasized the importance of understanding technology trends and their exponential adoption curve, noting that the market often underestimates the potential of these tech transitions. With the right knowledge and research, investors can capitalize on these trends and see significant returns on their investments in the tech sector.
Stay tuned to Extreme Investor Network for more insights and recommendations from top experts in the field of investing. Don’t miss out on the opportunity to stay ahead of the curve and make informed decisions when it comes to investing in technology stocks.