Zacks Investment Ideas feature highlights: NVIDIA's, Microsoft, Micron, SanDisk and Marvell
For Immediate Release
Chicago, IL – July 14, 2026 – Today, Zacks Investment Ideas feature highlights NVIDIA’s NVDA, Microsoft MSFT, Micron MU, SanDisk SNDK and Marvell MRVL.
Tech View: Record Profits, Insider Buying & Cheap Valuations
V-Shaped Bottom 2.0?
Thus far, 2026 is shaping up eerily similarly to 2025. In 2025, U.S. equity markets suffered a swift and violent correction after President Trump unveiled his ‘Liberation Day’ blanket tariff policy. However, after a brief multi-week correction, equities began to price in the tariff news, climb the proverbial wall of worry, and create a V-shaped recovery. Earlier this year, the same price action occurred after the U.S. bombed Iran. Stocks corrected and recovered swiftly in a V-shaped fashion.
The Trump Seasonality is Repeating
History doesn’t always repeat itself, but it does tend to rhyme. As you can see from the seasonality chart below, the Trump Presidency Cycle suggests that the S&P 500 Index corrects early in the year, bottoms in spring, and runs into year-end. Once again, stocks are following the pattern closely.
Tech Insider Buying Surges to Record High
Although executives may sell their stock for any number of reasons, they buy only for one: they believe it will appreciate in price. For investors, it’s worth noting when executives have skin in the game and deploy their own personal funds to purchase stock in the open market. Over the past six months, tech stock insiders have bought more shares than ever in history.
Tech Valuations Remain Cheap
While tech stocks have appreciated nicely over the past several months, their valuations remain extremely reasonable. The forward P/E ratio for the tech sector is below the 10-year average and at levels not seen in over a year.
Meanwhile, despite NVIDIA’s massive multi-year move, its price-to-earnings growth ratio is at decade lows. Other big tech giants such as Microsoft also trade at valuations that are hovering near multi-year lows.
Tech Stocks Producing Juicy Profits
A key differentiator between the late 1990s and today is that stock moves are driven by real fundamentals. For instance, Micron is expected to generate more profit this year than it generated over the previous two decades combined!
Other AI-related companies, such as SanDisk and Marvell are also reporting record profits.
Bottom Line
Backed by historic corporate profits, insider buying, and bargain valuations, tech stocks are proving that the 2026 rally is built on rock-solid fundamentals, not hot air.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).
