Just been looking at some of the tech stocks getting beaten down lately and honestly, there's some interesting stuff worth considering if you're playing the long game.

So here's the thing - earnings and interest rates are still the real drivers, and both are actually looking pretty solid right now. The AI spending story hasn't slowed down at all. We're talking about hyperscalers dropping roughly $530 billion on capex this year, up from $400 billion last year. That's not a bubble narrative, that's real capital deployment. And Q1 2026 tech sector earnings guidance has jumped to 24% from 18% just a couple months back.

I've been watching ServiceNow pretty closely. Stock got absolutely hammered - down almost 50% from January highs. Now here's where it gets interesting: the company's actually doing the right things. They've been aggressively integrating AI into their platform, deepened their partnership with OpenAI, and expanded Claude integration through Anthropic. ServiceNow posted 21-24% sales growth in 2025, hitting $13.28 billion. That's basically double where they were in 2021. They had 244 transactions over $1 million in new ACV in Q4, up 40% year-over-year. CEO Bill McDermott just bought $3 million worth of shares, which tells you something about where he thinks the entry point is.

The numbers don't lie - NOW's projected to grow revenue 20% in 2026 and 18% in 2027. If it gets back to those January highs, you're looking at nearly double your money. It's down roughly 50% from peak, which is honestly the kind of pullback that creates opportunities in quality tech stocks.

Then there's Celestica - this is the pick-and-shovel play for the AI infrastructure build-out. CLS designs and manufactures the actual hardware - AI servers, networking gear, data center equipment - for the hyperscalers. Revenue grew 29% to $12.39 billion in 2025. They've basically doubled revenue between 2021 and 2025. Adjusted earnings jumped 56% last year.

What caught my attention is their 2026 guidance. They're expecting revenue growth of 37% and adjusted earnings expansion of 46%. They're also investing $1 billion in capex in 2026 because demand for AI data center tech keeps accelerating. This stock is down about 25% from November highs, and the analysts have it at roughly 34% upside from here. Trading at 30X forward earnings after that pullback - that's actually reasonable for a company growing earnings that fast.

Both of these tech stocks have that combination you want: real earnings growth, management putting money where their mouth is, and pullbacks that create entry points. The AI capex cycle isn't slowing down anytime soon, and these companies are positioned right in the middle of it. Definitely worth digging into if you're looking to add quality exposure on weakness.