Three views on industrials

It is an interesting point in time for industrial secular dynamics such as electrification and automation are colliding with supportive with a cyclical setup, says T. Rowe Price. AI is not just a tech phenomenon, and the firm sees numerous derivative impacts in industrials and particularly electricals. Finally, there is a relatively downbeat view for EV, but the firm believes EVs are on the right side of change and will remain an important sector for investing.