Clockwise Capital's 2026 Tech Trade Strategy: Overweight AAPL, MU, AVGO Amid Tail Risk Concerns

On December 29, 2025, Clockwise Capital’s James Cakmak appeared on CNBC’s The Exchange to share his 2026 tech trade strategy, emphasizing an overweight position on AAPL, MU, and AVGO, and highlighting the coexistence of rising tail risks and equity market performance [1].
Internal market data [0] reveals that as of the event time:

• MU rose 2.92% to $293.10, hitting a new 52-week high with year-to-date gains exceeding 160%
• AAPL gained 0.17% to $273.87
• AVGO declined 0.59% to $350.06
• The NASDAQ Composite (up 0.30%) and S&P 500 (up 0.10%) saw moderate gains, while the Dow Jones dipped 0.19%
• The Technology sector (up 0.33%) outperformed the broader S&P 500 but lagged Energy and Communication Services sectors

Contextual factors include Micron’s positive outlook driven by AI memory demand, and Broadcom being named a top 2026 chipmaker by BofA with a $500 target price [0]. Cakmak’s mention of rising tail risks aligns with broader market concerns including Fed policy uncertainty, overvaluation, and geopolitical tensions [0].

1. The simultaneous rise in tail risks and equities suggests investor optimism in tech sector fundamentals (e.g., AI demand, company outlooks) outweighs broader market concerns in the near term.
2. Micron’s 52-week high and 160% YTD gains reflect robust market confidence in its AI memory leadership, potentially amplified by Cakmak’s bullish stance.
3. Broadcom’s mild decline despite a favorable BofA target may indicate short-term profit-taking, while AAPL’s steady gain underscores its stable market position.

• Risks
  : Elevated tail risks (Fed policy shifts, overvaluation fears, geopolitics) could trigger market volatility, impacting tech stocks. Uncertain AI demand scaling or supply chain issues may also affect MU and AVGO’s growth [0].
• Opportunities
  : Micron’s AI memory dominance and Broadcom’s chipmaker status (supported by BofA’s target) present growth opportunities. Apple’s ecosystem and innovation pipeline offer stability for long-term investors [0].
• Urgency
  : Short-term investors should monitor Fed communication and geopolitical developments, while long-term investors may focus on tech fundamentals driving the AI transition.

• Clockwise Capital’s Cakmak is overweight AAPL, MU, AVGO for 2026, citing tech sector opportunities amid rising tail risks [1].
• Micron reached a 52-week high with 160% YTD gains, driven by AI memory demand; AAPL posted a mild gain, AVGO a slight decline [0].
• Tail risks include Fed policy uncertainty, overvaluation, and geopolitics, which could impact market stability [0].