INVESTORS SHIFT FOCUS BEYOND AI CHIPS

The AI boom has driven massive investment into chip makers, but market participants are exploring what comes next. Ankur Crawford, Portfolio Manager at Alger, points to companies like SpaceX as examples of businesses operating outside traditional semiconductor plays that could reshape the tech landscape. The shift reflects a maturation in AI investing strategies. While chip demand remains strong, investors recognize concentration risk in the sector and are evaluating adjacent opportunities that could deliver comparable returns. Key areas drawing attention include space technology, advanced manufacturing, quantum computing infrastructure, and next-generation networking systems. The movement underscores a fundamental shift in how the investment community assesses growth potential in technology markets. Crawford's comments highlight investor appetite for innovation beyond the current AI trade consensus. As the sector evolves, finding the next high-impact opportunity remains a priority for institutional investors managing exposure to technology volatility.