T. Rowe Price Technology ETF

TTEQ

Market cap $349M

AI stocks, those equities either from AI pioneers or firms poised to benefit from that innovation, have driven stock market and portfolio performance for months and months and months. Investors have largely benefitted, but as AI stocks enter a new phase, it could be time to refresh portfolios.

ETFs from iShares, T. Rowe Price, ARK, Alger, and KraneShares have pre-IPO stakes in OpenAI or Anthropic.

Three T. Rowe Price Group, Inc. (TROW) ETFs cleared 8% returns last month, according to ETF Database. Out front was the T.

As though this year wasn't already a huge one in the tech landscape, now a trio of huge technology companies are plotting game changing IPOs. SpaceX, Anthropic, and OpenAI all are reported or rumored to be looking at IPOs this year.

T Rowe Price Technology ETF is an actively managed vehicle focused on global technology names. NVDA-heavy TTEQ has impressively outperformed QQQM, IVV, and a few tech ETFs since its inception and YTD. However, I gravitate towards the neutral stance as I see no convincing GARP characteristics, a 1.7 weighted average beta, and a downside capture ratio of 124.4%.

For many investors, tech ETFs appeal but are often limited by sector rules. Many such ETFs offer exposure to the big names in the AI revolution, for example, but not all.

In my former life as a mutual fund analyst, T. Rowe Price was always a staple of my research.

Lance Humphrey, head of portfolio management at Victory Capital, and Dom Rizzo, portfolio manager at T. Rowe Price, joined Nate Geraci on this week's ETF Prime to discuss quality investing and active technology strategies.

Despite the global volatility surrounding markets, U.S. stocks have proven durable. The market has chugged along, anticipating long term growth despite major energy costs rising.

It's that time again: some huge names in technology and the broader stock market will report their earnings this week. With so much uncertainty around AI and the economy in general, markets will be watching results closely.