T. Rowe Price's Tony Wang talks how T. Rowe price is playing volatile Big Tech stocks

• Views current Big Tech volatility as an opportunity, especially with the political backdrop.
• Bullish on major AI players, specifically liking Nvidia, Broadcom, Palantir, and Micron.
• Believes agentic AI will automate tasks, 'uncap labor,' and boost GDP, with 'English as the new coding language.'
• Highlights Nvidia's current valuation as relatively inexpensive given its earnings growth, despite market concerns about margins and competition.
• Advises focusing on software companies that are 'ultimate platforms' for AI, as features are easily disrupted by lower development costs due to LLMs.

Tony Wang of T. Rowe Price discusses the current volatility in Big Tech as an opportunity, particularly for major AI players. He is bullish on the long-term adoption of agentic AI, which he believes will drive productivity and benefit companies that are true platforms rather than just features, despite potential disruption in the software space.