T. Rowe Price Manager Shifts AI Focus from Nvidia to Bottlenecks and Space Infrastructure

T. Rowe Price portfolio manager Tony Wang is scanning the artificial intelligence sector for bottlenecks — and finding them — while also identifying return opportunities in space infrastructure and light-based technologies.

AI Bottlenecks Beyond Nvidia

Wang has moved his investment focus away from dominant AI chipmaker Nvidia, instead targeting the constraints that could throttle AI adoption. He identifies supply chain choke points and infrastructure limitations as key areas where value may emerge as AI scales.

Space and Light Technologies

Beyond traditional AI hardware, Wang is seeking returns in the space sector and light-based technologies. These areas represent what he sees as underappreciated growth drivers that could benefit from broader technological and economic shifts.

Market Context

As of May 27, 2026, key market data includes: USD at 71.67 Russian rubles (change: +0.12), EUR at 83.30 Russian rubles (change: -2.15), Bitcoin at $75,807 (24-hour change: -2.1%), and crude oil estimated at approximately $72 per barrel.