Ann Miletti

Technology stocks have seen multiple point contractions but still have good earnings and free cash flow growth. Ann Miletti states the sector is "acting like the new defense sector" and looks more attractive to investors. The AI innovation and capex spending cycle shows no signs of slowing, supported by government incentives. The sector's resilience and growth profile are attracting capital amid geopolitical uncertainty. Attractive valuation entry point after a sell-off, with structural growth drivers intact, warranting an overweight or long position. Geopolitically-driven supply chain disruptions (e.g., helium for semiconductors) could impact production and costs.