September 2024 / EQUITY
Ausbiz: The emerging markets to benefit from U.S. rate cuts
Sam Ruiz recently shared insights on tech stocks with Ausbiz. He noted that NVIDIA's growth expectations are being reset due to an oversupply of capital expenditure from major tech firms investing in generative AI, causing potential valuation adjustments. Sam highlighted how the S&P 500's performance is dissected by removing NVIDIA, showing broader market distinctions. He also discussed the forthcoming U.S. interest rate cut, stressing its potential impact on economies, particularly emerging markets which could see sentiment shifts if the U.S. dollar weakens.
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The views, information, or opinions expressed in the interview are those of the Investment Professional and are subject to change without notice. It is not intended to be securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment.
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September 2024 / article
Samuel Ruiz is a portfolio specialist in the International Equity Division. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Australia Ltd.
