Barring a U.S. recession, tech should outperform the S&P 500 again: Paul Meeks

• Tech sector, especially AI infrastructure suppliers and builders, is expected to outperform the S&P 500, barring a U.S. recession.
• Meta Platforms (META) is considered a contrarian buying opportunity despite its post-earnings drop, given its historical ability to monetize users through technology transitions.
• OpenAI, Anthropic, and SpaceX are expected to pursue IPOs by the end of 2026, potentially reaching $1 trillion valuations each, raising questions about sufficient investor appetite for all three.

Paul Meeks is constructive on the tech sector, particularly AI infrastructure, expecting it to outperform the S&P 500. He views Meta's recent drop as a contrarian buying opportunity due to its strong user monetization. He also anticipates major AI and space companies like OpenAI, Anthropic, and SpaceX to go public by 2026, potentially at trillion-dollar valuations.