The much-hyped great rotation out of tech for 2026 may be over already
The rotation out of tech stocks in early 2026 has reversed, with tech surging since the market bottomed on March 30. The shift has left behind stocks that benefited from tech's woes earlier in the year.
Tech stocks have surged since the market bottomed on March 30, rising above old highs. The tech resurgence has left behind stocks that benefited from the sector's woes early in the year. In late 2025 and early 2026, a great rotation occurred, with energy, materials, and consumer staples becoming top-performing sectors. However, since the market bottom, information technology and communication services have surged 20% and 16.5%, respectively. Energy stocks are down 10.3% as crude comes off its highs. Investors are returning to the secular growth theme focused on artificial intelligence, driving the tech revival.
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