Investing in technology and AI: Opportunities in a rapidly evolving landscape – BNPP AM Hong Kong
Investing in technology and AI: Opportunities in a rapidly evolving landscape – BNPP AM Hong Kong
Publish Date: 2026-05-26 13:45:00
Source Domain: www.bnpparibas-am.com
BNP Paribas Asset Management portfolio managers, Pamela Hegarty and Derek Glynn, answer key questions regarding the future of artificial intelligence and investing in the technology sector.
What are the most exciting AI / technological developments you are seeing right now?
The artificial intelligence landscape is evolving from simple tools to complex autonomous systems. Agentic AI models can reason, plan, and act across workflows. Agentic capabilities are moving from concept to deployment.
Companies are beginning to leverage the technology to automate workflows and conduct research. One of the most popular use cases of agentic AI is ‘vibe coding,’ where developers prompt and orchestrate systems rather than write code line-by-line, fundamentally redefining software creation.
At the same time, AI is moving beyond the screen. Advances in robotics and embodied AI are enabling machines to perceive, reason, and act in the physical world. We anticipate an expansion in use cases as AI models integrate into physical form factors that empower them with ‘eyes’ and ‘ears’.
Intelligence is also getting pushed to the edge on smartphones and wearables. On-device AI enables real-time, personalised experiences without reliance on the cloud.
Finally, we are excited about the potential for quantum computing, but it remains in its very early stages with limited near-term commercial applications.
Taken together, these trends point to a world of ambient, embedded intelligence across digital and physical environments.
How do you currently view technology stock valuations?
Technology stock valuations are mixed. In general, valuations within the hardware and semiconductor industry groups are high amid heightened investor expectations, while software and IT services stocks look depressed.
For hardware and semiconductor stocks, we see elevated price-to-earnings ratios compared to recent history, but still well below the bubble peaks…
