Last week, big tech saw a bit of a rotation as some names – like Nvidia (NVDA) – started to fall from all-time highs.
T. Rowe Price Global Technology Fund Manager Dominic Rizzo joins Market Domination to discuss how investors can play big tech as some on Wall Street pull out of the sector.
“I think hardware looks strong heading into printing. We saw four data points that were quite positive for the hardware ecosystem. First of all, the printed circuit board space, the PCB companies, a lot of them have pre-announced positively in Asia. And I think that’s a great sign for smartphones, PCs, traditional servers and AI servers. Secondly, Corning (GLW) has had very strong numbers. says Rizzo.
For the other two reasons, Rizzo says there were rumors about the space at a major industry trade show, SEMICON West, and about what investors heard from Taiwan Semiconductor Manufacturing Company’s (TSM) June sales results.
Watch the video above to see what stocks Rizzo currently likes.
For more expert insights and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Nicolau Jacobino
