Markets rebounded for their best day of the year earlier this week, led by the tech-heavy NASDAQ, which gained more than 3% in a single session.
Stocks were caught completely off guard by the war in Iran, but now that the U.S. is considering winding down operations, shares of some of the most heavily punished companies have been soaring.
Is this a bear-market rally in the midst of an energy shock or the resumption of the AI supercycle? The answer will reveal itself over the next few weeks, but if you’re looking for tech stocks on sale, the time to buy is now.
Here are four tech stocks that still have plenty of momentum in the tank.
All four of these tech stocks are approaching key technical levels, and have fundamentals that support a resumption of bullish AI momentum.
SanDisk Corp.
The war in Iran may have shocked oil markets and global economies, but there’s one area of the market it hasn’t touched: the insatiable demand for memory storage. And ever since spinning off Western Digital, SanDisk (NASDAQ:SNDK) has become a compounding machine and a crucial cog in the AI supercycle. The company reported revenue growth of more than 60% during its fiscal Q2 2026 report, with gross margins expanding above 50%. Q3 guidance of $4.4 billion to $4.8 billion with margins surpassing 65% emphasizes that this growth story is just getting started, and this month’s pullback could be just a random blip instead of a warning sign.

On the chart, SNDK shares are bouncing off the 50-day moving average, which has proven to be a strong support level during this current uptrend. The Relative Strength Index (RSI) is also hovering near 50 but has consistently refused to dip below this level, often interpreted as a sign of slowing bullish momentum. The uptrend is still in place, and the company still has plenty of fundamental tailwinds at its back. Analysts aren’t backing down either; Bank of America and Citigroup recently boosted their price targets to $900 and $875, respectively.
Seagate Technology Holdings PLC
Seagate Technology (NASDAQ:STX) was one of the biggest winners of 2025, soaring more than 300% and then tacking on another 40% to start 2026. The $85 billion data storage company is building on several 2026 tailwinds, but has gotten caught up in the broader market selloff after topping out following its fiscal Q2 2026 earnings report. The stock is down 17% from its previous high, which has the stock on investors’ radar since the fundamental story hasn’t changed. Seagate reported its third straight top- and bottom-line earnings back in Q2 2026, including an EPS upside surprise of more than 10%. The company’s backlog remains fully booked through the end of 2026, and management expects fiscal Q1 2027 revenue to exceed $2.9 billion, further accelerating growth.

STX shares are hovering at the 50-day moving average, which has previously been a good entry point for investors. The brief dip under this level has the classic makings of a ‘Bear Trap’, where sellers believe the downward momentum has started, only to be caught in a violent whiplash as the stock retakes the 50-day MA. The RSI supports this theory, with buyers and sellers recalibrating around the 50 threshold, which generally marks the beginning of an upswing.
Dell Technologies Inc.
Dell (NASDAQ:DELL) is still riding high from its fiscal Q4 2026 earnings report, which saw the company earn record quarterly revenue of $33.4 billion and full-year fiscal 2026 sales of $113.5 billion. The FY 2026 revenue figure represented a 19% year-over-year (YoY) expansion, and the fiscal 2027 backlog now totals more than $43 billion. And if that isn’t enough to satisfy the market, management also announced a 20% dividend hike and an additional $10 billion in stock buybacks. The stock received a deluge of analyst upgrades and price target boosts following the blowout report, including a new Street-high $205 target from Evercore, representing upside of more than 20% from current levels.

The new uptrend is clearly evident on the chart, where a Golden Cross has confirmed it, and the RSI and Moving Average Convergence Divergence (MACD) point to slowing but still bullish momentum. Crucially, the RSI has ticked below Overbought territory but remains above the 50 threshold where bulls generally remain in control. DELL is likely another stock blindsided by Iran war volatility, and the long-term growth story remains very much intact here.
Analog Devices
Shares of Analog Devices (NASDAQ:ADI) are down nearly 10% over the last month, despite posting a phenomenal earnings report in late February that saw revenue grow more than 30% YoY in fiscal Q1 2026. Both EPS and revenue figures easily surpassed analysts’ consensus, and the company’s 71% gross margins indicate it retains significant pricing power in the current environment. More than 20% of ADI’s revenue now comes from data centers, and its analog and mixed-signal technology is often a necessary component in AI-related sectors such as industrial automation and aerospace. The aerospace and defense component also insulates ADI, since a prolonged Iran conflict would drive more revenue in that division.

ADI shares are still up nearly 20% YTD, and the long-term trend appears firmly in the bullish camp. The stock has been consolidating around the 50-day moving average as buyers and sellers battle for positioning, but other indicators suggest buyers are gaining the upper hand. The RSI has bounced off the Oversold threshold of 30 and appears headed back toward bullish territory. Meanwhile, the MACD has halted its downward dive and appears on the verge of a bullish crossover, which is often a trigger signal for a new wave of buyers. A firm break above the 50-day moving average would give an ‘All Clear’ sign for the uptrend to resume with potentially serious momentum. Analysts are also still firmly on the bullish side, as Arete Research upgraded the stock from Neutral to Buy on the last day of March, setting a price target of $389, about 25% above current market prices.
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