While software stocks remain under pressure and the majority of the Magnificent Seven continue to trail the broad market, investors going all-in on the rotation into defensive sectors—such as energy and utilities—may be missing out on certain corners of the tech sector that are proving to be resilient.
That is particularly true of the AI cloud computing space, some of which has been hiding in plain sight after headlines about mounting concerns over the hyperscalers’ CapEx have overshadowed companies worthy of investors’ consideration.
