Aptus Capital Says 'Absolutely' Buy The Dip In Nvidia, Microsoft And Broadcom—But Amazon And Meta Are The Top Picks

Aptus Capital Advisors is using the recent two-day pullback in mega-cap tech as a buy-the-dip opportunity, arguing that the selloff is more of a cooling-off period than the start of a broader correction. Portfolio manager David Wagner highlighted Amazon, Microsoft, Nvidia and Broadcom as attractive names, with Amazon and Meta Platforms his top picks. He said the AI trade remains intact and that mega-cap tech is trading at a discount versus its longer-term history. The piece also frames the broader market backdrop as one of strong earnings growth, with the S&P 500 up nearly 27% year over year in earnings terms, while warning that investors may be too conservative if they rotate heavily into bonds. Overall, the article is bullish on large-cap tech and AI-related equities despite near-term volatility.