Just noticed something interesting happening in the tech sector right now that might be worth paying attention to. The pullback we've seen in March and early April has created some genuinely compelling entry points for investors who actually understand what's driving the best technology stocks forward.

Here's what's really going on beneath the surface. The two things that actually matter for valuations—earnings and interest rates—are both working in tech's favor right now. AI capex spending is absolutely crushing expectations. We're looking at roughly $530 billion in AI infrastructure spending this year, up from around $400 billion last year. Taiwan Semi already raised its 2026 capex guidance to between $52-56 billion back in January. That's not bubble behavior, that's real money flowing into real infrastructure.

Wall Street's also pricing in Q1 2026 Tech sector earnings growth at 24%, up significantly from where we were just a few months ago. Earnings growth is spreading across nearly every sector too—15 out of 16 Zacks sectors are projected to see year-over-year EPS expansion in 2026.

Let me break down two stocks that caught my attention. ServiceNow is down nearly 50% from its January highs, which honestly feels like panic selling. The company just posted its fourth consecutive year of 21-24% sales growth, hitting $13.28 billion in revenue. They've got 244 transactions over $1 million in Q4 alone, up 40% year-over-year. More importantly, they're not just sitting on the sidelines with AI—they deepened their partnership with OpenAI and are actively integrating Claude models through Anthropic. Their adjusted earnings grew 27% last year. The stock's technical setup just bounced off its 200-day moving average, and CEO Bill McDermott literally bought $3 million worth of shares recently, saying there's no better entry point. If ServiceNow returns to its January highs, you're looking at roughly 100% upside from current levels.

Then there's Celestica, the behind-the-scenes AI infrastructure play that most people haven't even heard of. This is the company actually building the servers and networking gear that powers AI data centers. Revenue jumped 29% last year to $12.39 billion, and they're guiding for 37% growth in 2026. Their adjusted earnings expanded 56% last year. The best technology infrastructure stocks like this one typically get overlooked until suddenly everyone's talking about them. CLS is up roughly 220% over the past 12 months but pulled back about 25% from its November highs. Management is committing $1 billion to capex in 2026, which they'll fund organically. With 15 out of 18 analyst ratings as Strong Buys, the stock's trading at 30X forward earnings—actually reasonable given the growth trajectory.

Both of these represent the kind of best technology opportunities that show up when there's market noise and uncertainty. The earnings outlook is strong, capex spending is accelerating, and valuations have compressed. This is exactly when long-term investors should be looking harder at the best technology plays in their portfolio.