TROW · News · 20260806N

AI Infrastructure Positioning

PRICE T ROWE GROUP INC · 2026-08-06 · Importance 23 · Surprise 24

T. Rowe Price identifies an investment shift from direct AI beneficiaries and hyperscaler silicon spending toward the broader industrial and infrastructure ecosystem. The opportunity set includes power, data center infrastructure, electrical equipment, cooling, connectivity, construction, and related services. The firm argues that companies able to monetize AI infrastructure complexity and execution may be better positioned than companies relying solely on backlog growth.

Key facts

• T. Rowe Price's investment piece states AI investment focus is shifting beyond hyperscaler spending on silicon to include power, data center infrastructure, electrical equipment, cooling, connectivity, construction, and services. source