← Markets

T. Rowe Price Science and Technology Fund

PRSCX · NASDAQ

Market closed$69.85$-0.780000 (-1.10%)

Key statistics

Previous close$70.63
Open$69.85
Day high$69.85
Day low$69.85
52-week high$83.56
52-week low$51.21
Market cap11.34B
Volume—
Average volume—
P/E ratio41.81
Forward P/E—
EPS1.67
Dividend yield0.00%

Market context

Why it moved

PRSCX, T. Rowe Price Science and Technology Fund, declined today amid broader weakness in the technology sector, as selling pressure across science and tech-focused equities weighed on the fund's net asset value.

PortfolioslabFacebook

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026T. Rowe Price Science and Technology Fund edged modestly lower as a mixed backdrop for its underlying holdings weighs on sentiment. Software stocks are under notable pressure — IBM plunged ~23% after missing revenue estimates, dragging down peers like Atlassian, Workday, and ServiceNow — creating headwinds for the tech-heavy fund. Partially offsetting this, semiconductors and cybersecurity names rebounded sharply on a cooler-than-expected June CPI report (3.5% y/y vs. 3.8% expected), which lifted rate-cut optimism and boosted growth stocks. The broader S&P 500 is near all-time highs, though AI disruption concerns and geopolitical tensions around Iran continue to cloud the outlook.

-0.7142

July 14, 2026T. Rowe Price Science and Technology Fund edged lower after hours, underperforming its financial services sector peers amid a complex macro backdrop. The broader asset management and financial services sector faced dual headwinds: concerns over AI disruption and cracks in private credit weighed on the group per Morningstar, even as Wall Street banks posted record Q2 earnings powered by surging dealmaking and trading. Meanwhile, the fund's technology-heavy portfolio remained sensitive to ongoing Nasdaq pressure — down over 4% in the past month — driven by a Fed shift toward potential rate hikes, elevated valuations (Shiller CAPE above 40), record margin debt of $1.42 trillion, and renewed Iran-Strait of Hormuz tensions pushing oil higher.

-0.7142

July 9, 2026T. Rowe Price Science and Technology Fund edged higher in pre-market trading, outpacing a broadly cautious financial sector, as investors navigate a volatile macro backdrop dominated by renewed U.S.-Iran hostilities that have sent oil prices surging and reignited inflation fears. With Q2 earnings season kicking off July 14 for major financials, attention is also turning to strong expected S&P 500 earnings growth of +24% year-over-year, while the tech-heavy holdings of PRSCX face cross-currents from a cooling AI sentiment and semiconductor volatility — the Philadelphia Semiconductor Index down ~5% from recent highs.

0.6211

July 8, 2026T. Rowe Price Science and Technology Fund declined as a broad risk-off selloff swept markets after President Trump declared the U.S.-Iran interim peace agreement 'over,' sending oil prices surging more than 5% and triggering a global flight from equities. The fund's tech-heavy portfolio faced compounded pressure from a semiconductor-driven selloff — following disappointing preliminary Q2 earnings from Samsung — alongside rising Treasury yields, with the XLF financial sector ETF also pulling back modestly in after-hours trading. Goldman Sachs added to the cautious sentiment by warning that the AI-fueled earnings surprise cycle may be fading despite a 22% growth forecast, weighing on the growth-oriented holdings central to the fund's strategy.

-2.4631

July 7, 2026T. Rowe Price Science and Technology Fund closed modestly lower as tech-heavy growth funds faced headwinds from a broad market selloff, with the S&P 500 down over 50 points and the Nasdaq composite falling roughly 372 points on the day. Sentiment was rattled by a 'sell on good news' reaction to Samsung's blowout earnings—its stock plunged nearly 10% despite a 19-fold profit surge—raising investor concerns about peak AI margins and whether elevated tech valuations can be sustained, a dynamic that pressured memory chipmakers like Micron and SanDisk by over 6% in after-hours trading. Rising Treasury yields, with the 30-year above 5%, added further pressure on high-multiple growth holdings that dominate PRSCX's portfolio.

-1.1719

July 2, 2026T. Rowe Price Science and Technology Fund fell nearly 3% as a broad semiconductor selloff dragged on tech-focused funds, sparked by reports that Meta is building a cloud service to monetize excess AI computing capacity and OpenAI has achieved significant efficiency gains in running AI models — raising concerns that demand for new chip purchases may soften. Chip stocks dropped over 6% on the session, weighing heavily on the fund's technology holdings, while broader market caution ahead of the June U.S. jobs report and mixed signals from Fed Chair Kevin Warsh on inflation and rate policy added further pressure.

-2.9839

June 25, 2026T. Rowe Price Science and Technology Fund surged nearly 4% as the broader tech-focused fund rebounded sharply after two days of steep losses driven by AI valuation fears and a global semiconductor selloff. The recovery came as select tech names bounced back, with Corning jumping nearly 10% on major AI infrastructure deals with Amazon and Nvidia, and Micron surging over 16%, helping offset continued weakness in high-multiple names like Palantir. UBS noted that the recent tech correction should be viewed in context of the Nasdaq's 23% rally since late March, with robust AI capex commitments from hyperscalers continuing to support the long-term bull case for science and technology holdings.

3.9152

June 23, 2026T. Rowe Price Science and Technology Fund (PRSCX) edged lower, pulled down by a broad-based tech sell-off that battered AI-related and semiconductor stocks globally. The Nasdaq plunged nearly 2% as investors questioned stretched AI valuations amid rising rate-hike expectations, with chipmakers like Micron, Qualcomm, and AMD falling sharply. As a fund heavily concentrated in tech and science equities, PRSCX faced direct headwinds from the sector rout, while the broader financial services sector via XLF was relatively insulated, finishing the day nearly flat in after-hours trading.

-0.871

MarketWatch · May 27, 2026Why this fund manager who was an early proponent of Nvidia is now betting on AI’s space frontierBloomberg.com · May 21, 2026Watch Nvidia's Investing Strategy Is 'Smart', Says T. Rowe Price's WangBloomberg.com · December 17, 2025Watch There’s a 'Space Race' for AI, Says T. Rowe’s Tony WangTipRanks · August 13, 2025PRSCX, FSELX: 2 Tech Mutual Funds with Over 10% Upside Potential

Peers

S&P 500SPX · $7,457.69-1.01%FPA Crescent FundFPACX · $45.70-0.65%Hartford Core Equity FundHGITX · $58.72-1.08%BlackRock LifePath Index 2035 FundLIJKX · $22.74-0.52%MFS Research International R2MRSRX · $27.50-0.79%Invesco Main Street FundOMGNX · $63.47-1.08%Principal Blue Chip FundPBCKX · $40.59-1.96%T. Rowe Price Retirement 2055 FundTRRNX · $25.05-0.83%T. Rowe Price Science And Technology FundTSNIX · $70.03-1.10%Victory Sycamore Established Value Fund Class CVEVCX · $49.01-0.24%