The David Lin Report · Tuesday, June 30, 2026
Sam Burns observes a rotation in market leadership, noting that the 'Magnificent 7' have been lagging while hardware and memory makers tied to AI have seen significant gains due to strong earnings. He maintains an overweight position in technology despite concerns about overpricing.
“Uh, you know, my guess is that, um, there's going to be more kind of what what we've seen lately is a rotation where, you know, one segment will, uh, lead for a little while and then something will shift and then another segment will lead.”
“Uh, and now they've actually been lagging for a number of months now they've been underperforming, um, because a lot of them are the ones that are spending the money whereas the ones that are making it are the hardware u makers the uh, you know, memory makers and hard drives and things like that that have just been going absolutely through the roof.”
“Um, I've been overweight technology for many months now and still am, uh, that's where a lot of the earnings growth still is.”