Tech Stocks Face Reality Check as Investors Question Lofty Valuations
• Mega-cap tech stocks moving from "momentum trade to fundamental trade" due to fading AI hype • Companies need significant capex and R&D to deliver on future expectations • Investors questioning if current mega-cap gains can be sustained long-term • CPI data release expected to bring more volatility as opportunity to rebalance • Expert suggests using volatility to strategically position for evolving conditions