Just caught something interesting about the market pullback in early 2026. Honestly, if you're thinking long-term, this kind of weakness in solid tech and AI names might be exactly when you want to be looking, not running away.

Look, the fundamentals are still pointing the right direction. Two things really drive markets—earnings and rates. Both are backing up the tech story right now. When Nvidia dropped its Q4 results, it basically confirmed what everyone already suspected: the AI spending isn't slowing down, it's accelerating. Taiwan Semi raised their capex guidance to $52-56 billion for 2026, way above 2025's $40.9 billion. The hyperscalers are projected to dump roughly $530 billion into capex this year versus $400 billion last year. That's the kind of momentum that tends to keep building.

What's wild is that earnings growth expectations for Q1 2026 tech sector jumped to 24% from just 12% back in October. And it's not just concentrated in a few names either—15 out of 16 sectors are expected to show year-over-year EPS expansion in 2026. The Fed's probably cutting rates again in the second half, which should help valuations too.

So here's where it gets interesting. ServiceNow (NOW) got absolutely hammered—down nearly 50% from its January highs. That's actually pretty wild because the company is doing exactly what it should be doing in an AI world. They've been integrating AI into their platform for years, and they just deepened their partnership with OpenAI to power agentic AI experiences. They're also working with Anthropic on Claude integration. This isn't a company getting disrupted by AI; it's a company becoming an AI platform.

The numbers back this up. ServiceNow hit $13.28 billion in revenue for 2025, easily doubling what they did in 2021. They're projecting 20% revenue growth for 2026 and 18% for 2027, with adjusted earnings growing 18% and 20% respectively. They had 244 deals over $1 million in Q4, up 40% year-over-year. CEO Bill McDermott just bought $3 million worth of shares himself, saying there's no better entry point. If NOW just gets back to where it was in January, you're looking at nearly 100% upside from these levels.

Then there's Celestica (CLS), the behind-the-scenes powerhouse building the actual infrastructure for AI data centers. This one's down about 25% from its November peak. CLS basically manufactures the servers, networking hardware, and data center equipment that all the hyperscalers are buying. Revenue jumped 29% in 2025 to $12.39 billion, and they more than doubled their top line between 2021 and 2025. Adjusted earnings grew 56% last year.

Here's the kicker—they're guiding for 37% revenue growth in 2026 and 39% in 2027, with adjusted earnings expanding 46% and 43% respectively. They're investing $1 billion in capex this year and funding it all from operating cash flow. That's confidence. Most broker recommendations are strong buys, and the stock's still trading 50% below its highs on a forward earnings basis. CLS has crushed it over five years—roughly 3,000% return—but if you missed that ride, this pullback could be your entry.

Both of these are best-in-class technology stocks that got caught up in the broader weakness. But when you look at the actual business fundamentals and where the money's flowing in AI infrastructure and enterprise software, the setup looks pretty compelling for patient investors willing to buy dips like this. That's historically how you build real wealth in tech.