The S&P 500 Information Technology Index is down -1.75% year to date and -2.53% over the past month, signaling a sketchy outlook for tech stocks in 2026, though not for all big sector names. As usual, artificial intelligence, especially in the software realm, is using up most of the tech industry’s oxygen. “There’s a lot of optimism around AI, but also a lot of hype,” said Anthony Saglimbene, chief market strategist at Ameriprise, in a recent research note. “2026 will be more about the proof of