Anthony Wang
Anthony Wang is portfolio manager of T. Rowe Price’s Science & Technology Equity Strategy and Science & Technology Fund. He leads public-equity investing across technology and innovation, with a focus on AI, semiconductors, software, and the market implications of agentic AI.
SpaceX IPO Pitch Seeks $2 Trillion Valuation on AI and Mars
Bloomberg Technology’s Ed Ludlow framed SpaceX’s Nasdaq IPO filing as a test of whether public investors will underwrite Elon Musk’s farthest-reaching claims: a company seeking a valuation above $2 trillion, as much as $75 billion in proceeds and a $28.5 trillion addressable market built largely on AI, Starlink and Mars. Bloomberg reporters and guests said the filing asks investors to look past large losses, debt and Musk’s continuing control, while treating Starship and space-based infrastructure as central to the valuation case rather than speculative side projects. The program placed that pitch alongside Nvidia’s effort to prove AI demand is broadening beyond hyperscalers and possible OpenAI and Anthropic filings that could bring similar public-market scrutiny to frontier AI.
Nvidia’s AI Growth Case Extends Beyond Hyperscale Data Centers
T. Rowe Price portfolio manager Tony Wang told Bloomberg Tech that Nvidia’s selloff after earnings reflects investors applying an old semiconductor-cycle framework to a company whose AI demand may be more durable. Wang argued that agentic AI, inference, enterprise and sovereign customers, and Nvidia’s ecosystem investments widen the company’s market beyond hyperscale data-center spending. He said that makes Nvidia’s strategy “smart” and its valuation attractive if growth proves less cyclical than the market assumes.