06 Jun 2024
Could artificial intelligence be on par with the advent of electricity in terms of potential impact on productivity? Host Jennifer Martin is joined by Dom Rizzo and Jim Stillwagon, both portfolio managers focused on global communications and technology.
Disclaimers
This podcast episode was recorded in April 2024, with subsequent recordings in May 2024. This podcast is for general information and educational purposes only, and outside the United States is intended for investment professional use only.
It does not constitute a distribution, offer, invitation, recommendation, or solicitation to sell or buy any securities in any jurisdiction, or to conduct any particular investment activity.
This podcast does not provide investment advice or recommendations, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial, and tax advice before making any investment decision.
The views contained herein are those of the speakers as of the date of the recording and are subject to change without notice. These views may differ from those of other T. Rowe Price companies and/or associates. Information is based upon sources we consider to be reliable; we do not, however, guarantee accuracy.
Investing in technology stocks entails specific risks, including the potential for wide variations in performance and usually wide price swings, up and down. Technology companies can be affected by, among other things, intense competition, government regulation, earnings disappointments, dependency on patent protection, and rapid obsolescence of products and services due to technological innovations or changing consumer preferences.
International investments can be riskier than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as specific country, regional, and economic developments.
Growth stocks are subject to the volatility inherent in common stock investing, and their share price may fluctuate more than that of income-oriented stocks. Diversification cannot assure a profit or protect against loss in a declining market. There is no guarantee that any forecasts made will come to pass.Where “uncanny valley type of videos” was mentioned – this refers to the discomfort humans feel when they encounter robots that demonstrate human-like qualities. Although this term is largely relates to human interactions with robots, the uncanny valley can also occur with digital avatars and CGI used in films.
Where “P&L” is mentioned, this refers to the profit and loss of a company’s balance sheet.Where “Ad Tech stack” is mentioned, this refers to ad tech which helps advertisers and agencies deliver the right content, at the right time, to the right audiences based upon first-party and third-party insights. This ensured advertisements are reaching engaged audiences that may be interested in the product or service.Where “auction density” is mentioned, this refers to the process that happens with each internet search to decide which ads appear for that specific search, and in which order those ads will show on the page (or whether or not any ads will show at all). Each time an ad is eligible to appear for a search, it goes through the ad auction.
Where “CAGR” is mentioned, this refers to the compound annual growth rate (CAGR), which is the mean annual growth rate of an investment over a period longer than one year. The source of this data derives from the Advanced Micro Devices (AMD) Advancing AI Event on December 6, 2023.
Where “AB testing” is mentioned, this refers to split testing, or bucket testing. It compares the performance of two versions of content to see which one appeals more to visitors and/or viewers.
Where DoJ is mentioned, this refers to the U.S. Department of Justice.
The mention of "fablus semiconductor" refers to Fab's, which is where semiconductors are born. Fab is short for “fabrication”, which means to produce, and refers to semiconductor production facilities in the semiconductor industry.
This podcast is copyright 2024 by T. Rowe Price.