As technology stocks pass their dotcom peak, Josh Spencer, manager of the T. Rowe Price Global Technology Equity fund, identifies six key disruptive megatrends within the sector.
Given the magnitude and pace of change in technology, the early identification of companies with exceptional growth potential is vital. We seek out innovative companies taking advantage of megatrends in technology. These include cloud computing, the Internet, and the penetration of technology into areas such as factory automation and robotics, the automotive industry, health sciences, and aerospace. Does recent tech sell-off signal 'beginning of the end' for turbo-charged rally? Regardless of the debate over whether the pace of acceleration will eventually slow, it is clearly sweep...
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