Dominic Rizzo, manager of the T. Rowe Price Global Technology Fund (PRGTX), loves his job. "It's exciting. This is the moment for technology," he says. Since taking over Global Technology in late 2022, he has delivered a 33% annualized return, ahead of the 24% average gain of tech-fund peers.
Rizzo favors companies with linchpin technologies in innovative, growing markets, among other things. Roughly half of its assets are invested in semiconductor stocks, such as Advanced Micro Devices (AMD) and Broadcom (AVGO), that are benefiting from the boom in spending on artificial intelligence (AI).
