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One theme is becoming prevalent as the new year approaches: The technology giants that have been shouldering this bull market will no longer be running the show.
Wall Street strategists at firms including Bank of America Corp. and Morgan Stanley are advising clients to buy less popular pockets of the market, placing sectors like health care, industrials and energy at the top of their shopping lists for 2026 over the Magnificent Seven cohort that includes Nvidia Corp. and Amazon.com Inc.
For years, investing in Big Tech firms has been a no brainer, given their stalwart balance sheets and fat profits. Now, there’s increasing skepticism over whether the sector — which has surged some 300% since the bull market began three years

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