Tech will continue to exceed expectations and the stocks will do well: Silvant's Mmichael Sansoterra

• Large-cap tech is expected to exceed expectations due to strong earnings and free cash flow, despite some being 'flat' recently.
• Current challenges like Microsoft's compute power demand or Meta's capex justification are company-specific, not indicative of a broader 'Gemini problem'.
• AI is intensifying competition among tech giants, but they are in a 'land grab' phase, focusing on efficient spending and maximizing capacity.
• Individual companies within the 'Magnificent 7' will likely continue to perform well in their respective lanes, with winners and losers emerging based on execution.

Michael Sansoterra of Silvant Capital remains bullish on big tech, expecting continued strong performance driven by robust fundamentals and free cash flow. He emphasizes that while AI introduces new competitive dynamics, these companies are well-positioned to monetize AI and will likely see individual successes rather than a collective 'Gemini problem'.