Tech Staging a Rebound—But Will It Last?
Chip stocks and AI leaders are flashing green again. Watch these names for momentum.
MARKET SNAPSHOT – September 29
Tech is starting to breathe again. After a tough stretch, semis and large-cap AI names are climbing today, helped by analyst upgrades and dip-buying. Nvidia, Lam Research, and other beaten-down leaders are showing signs of recovery—but it’s still early.
Opportunities to Watch:
Semiconductors: Lam Research bounced 3.3% after an analyst boost. Nvidia’s up ~1%. If the AI trend has legs, this could be the start of a larger cycle.
Cloud & Infrastructure Plays: Tech firms exposed to data center expansion and AI infrastructure may get renewed interest if rates stabilize.
Biotech Crossovers: Tech-biotech convergence is real—Merus surged 37% on M&A. Look for crossover themes in genomics, health tech, and AI drug discovery.
$5 dividend stock powers AI revolution
Builds Nvidia’s AI servers
Pays a dividend nearly 2.5x the market average
AI revenue surpassing iPhone business
Risks to Watch:
Macro Drag: Inflation and rates remain a serious overhang. High-multiple tech could suffer again if the Fed holds steady on higher-for-longer.
Valuation Complacency: Many tech stocks still trade at stretched multiples. Earnings misses could trigger sharp resets.
Rotation Risk: If we see a major move into defensives, tech could underperform again in the short term.
Bottom Line:
Tech bulls are cautiously stepping back in. Watch for confirmation with volume and leadership breadth before declaring a trend change. Quality names are worth tracking now—but risk management is still key.
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