Tech Stocks Pull Back Amid AI Concerns, Cybersecurity Takes a Step Up

Tech stocks, led by semiconductor companies, are pulling back amid concerns over AI development. However, the cybersecurity sector is gaining strength, with stocks like Crowdstrike, Palo Alto Networks, and Okta rising. Large tech companies like Microsoft, Amazon, and Google, which are investing heavily in AI, are expected to be resilient even if AI development slows down. The current level of technology is enough to deliver capabilities for customers, and the demand will determine the rate of data center building.