Just caught something interesting while scrolling through earnings reports. A lot of people are still sleeping on tech stocks right now, especially in the AI space where there's been some real pullback action.

Let me break down what I'm seeing. The fundamentals are actually pretty solid if you look past all the noise. AI capex spending is projected to hit around $530 billion this year—that's a massive jump from $400 billion last year. Companies like Taiwan Semi already raised their 2026 capex guidance to $52-56 billion range back in January. When the biggest players start throwing that kind of money around, it usually means something real is happening.

What caught my eye most is how the tech sector earnings outlook has actually gotten better. Q1 2026 Tech sector earnings jumped to 24% from 18% just a couple months ago. So while everyone's worried about an AI bubble, Wall Street's actually raising guidance. That's the kind of disconnect that creates opportunities.

I've been watching two names specifically that look interesting on the dip. ServiceNow took a brutal 50% hit from its January highs, which means it's basically offering near 100% upside if it ever gets back there. The company's been smart about integrating AI—they've got partnerships with OpenAI and Anthropic built right into their platform. Their numbers are solid too: $13.28 billion in revenue for 2025, up from $0.23 EPS in 2021 to $1.67 last year. Management just announced a $5 billion buyback and the CEO dropped $3 million of his own money buying shares. That usually says something.

The other one that's been on my radar is Celestica. This is the behind-the-scenes play—they manufacture all the servers and infrastructure hardware that AI companies actually need. Revenue jumped 29% to $12.39 billion in 2025, and adjusted earnings grew 56%. They're projecting 37% revenue growth for 2026 and 39% for 2027. The stock's down about 25% from its November peak, so you're getting a discount on a company that's essentially doubling every few years.

Honestly, the best AI tech stocks right now aren't the flashy names everyone talks about. They're the ones that actually have earnings growth backing them up and are trading well below their highs. When you can buy quality companies at these prices with guidance getting better instead of worse, that's when you start paying attention.