News Snapshot:
Open this photo in gallery: Although fund managers are upbeat on some of the megacaps, they’re also betting on other names to carry the tech baton.monsitj/iStockPhoto / Getty Images Technology stocks have rebounded sharply after being roiled by uncertainty and recessionary fears triggered by U.S. President Donald Trump’s April 2 “Liberation Day” tariffs. Still, shares of the so-called “Magnificent Seven” tech giants – Alphabet Inc. GOOG-Q, Amazon.com Inc. AMZN-Q, Apple Inc. APPL-Q, Meta Platforms Inc. META-Q, Microsoft Corp. MSFT-Q, Nvidia Corp. NVDA-Q and Tesla Inc. TSLA-Q – are down about 3.5 per cent this year. Although fund managers are very...