Tech is leading the current correction not the broader market. If you compare the equal-weighted S&P 500 to the tech-heavy index, the equal-weighted S&P is still holding up while tech continues to drag the market lower. That's interesting because the Magnificent 7 are now trading at some of the cheapest valuations relative to the $SPX in history. So does that mean it's time to buy? Yes, but only at the right levels. This week has been packed with earnings. $MSFT reported, $META sold off after earnings, $HOOD also declined, and $AAPL and $AMZN are still set to report. With so many heavyweight earnings in a single week, it's no surprise tech has been extremely volatile. Looking beyond the short-term noise, one long-term trend stands out. The combined backlog of the major hyperscalers has now reached roughly $2 trillion, with nearly half expected to convert into revenue over the next 12–24 months. As existing contracts renew at higher prices, earnings could accelerate significantly after 2028. That's why I'm not chasing every dip right now. Great companies can always become better opportunities if you're patient enough to buy them at the right price.