After waiting for the clouds to part, the moon shines brightly. Low-end American technology stocks eventually become a winning strategy.

For many years, heavily investing in American technology giants has brought continuous returns - while avoiding them is equivalent to shooting oneself in the foot. However, the situation is quite the opposite by 2026. This year, technology stocks have experienced violent fluctuations, causing market turmoil, and mutual fund managers who have reduced their exposure to them have performed well. According to data from Goldman Sachs, nearly 60% of large cap mutual funds have outperformed their benchmark index, the highest since 2007. Large cap core and growth fund managers have achieved the highest returns, partly due to the weak performance of large technology stocks.