Today on the show, we welcome institutional portfolio manager Tom Rollins.  Tom works closely with portfolio managers Kyle Weaver and Becky Baker who co-manage Fidelity’s U.S. Growth Opportunities Class fund. We check in with Tom to discuss growth opportunities in AI, in mega-cap stocks, and what investment opportunities are on the minds of both Kyle and Becky. Tom emphasizes the appeal and opportunity within the artificial intelligence landscape noting that we are currently in the build-out phase of AI. Tom says the team is investing in supply chain companies that are supporting this massive buildout. Tom says the fund team looks for companies and stocks that fall into 3 main buckets of the growth landscape: one - mature companies that are growing faster than the market; two - companies demonstrating resilient growth and three, companies that are less mature and are on the tipping point of massive growth. Tom adds macro themes in the market don’t play a big role in the team’s investment decisions; they spend more time focusing on mini-cycles within certain industries and sectors that are timed differently than the overall market. 

Recorded on July 30th 2024.

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