Luke Lloyd isn’t buying the Mag 7, arguing that there are far more attractive opportunities, such as software. “We’ve been buying into this software sell-off the last two or three weeks,” he says, including Reddit (RDDT), Fortinet (FTNT), and Palantir (PLTR). Another name he highlights is Cellebrite (CLBT). He thinks the sector will have a “rip-your-face-off rally” soon.

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