Markets redrawn by AI’s rise

Artificial intelligence’s (AI) impact continues to influence equity markets, but leadership within them is shifting. T. Rowe Price expects broader market participation and a wider number of opportunities for investors, both in AI-related sectors and other industries. The current phase of AI development is one of “existential investment”, where major technology companies must spend heavily to safeguard their long-term competitiveness. AI has also turned former monopolies into competitors, creating a dynamic investment landscape. Leadership within the sector is shifting toward “physical AI” –...