A top technology fund manager is laying out his favorite names in the sector going forward.
"It's an exciting time where we're seeing productivity really get enhanced, and perhaps this being a really big industrial economic productivity increaser," Tony Wang, portfolio manager of T. Rowe Price's science and technology equity strategy, told CNBC's " Squawk Box " on Monday.
Now, Wang believes the tide is shifting in favor of software companies and app developers launching and integrating AI products.
Applovin surged 77%, scoring its best week on record, following a strong earnings report .
"Technology trends are often on an exponential adoption curve, and a lot of times the market … underestimates these tech transitions."
Persons:
Tony Wang, Rowe, CNBC's, Wang, Applovin
Organizations:
Nvidia, Wang, Marvell Technology
Locations:
ChatGPT, allocator