Just been watching the tech sector and there's definitely something worth paying attention to right now. After some rough weeks, we're seeing what looks like a solid setup for picking up best stocks to buy now if you've got a longer-term outlook.

The thing is, when you strip away all the noise—geopolitical stuff, short-term volatility, whatever—two things actually matter for stock prices: earnings and interest rates. And both of those are looking pretty supportive for tech right now. The Fed's still expected to cut rates later this year, and corporate earnings are actually accelerating, not slowing down.

Here's what caught my attention. AI spending isn't some bubble that's deflating. It's actually ramping up harder. We're talking about hyperscalers planning to dump roughly $530 billion into capex this year, up from $400 billion last year. That's the kind of trajectory that doesn't reverse overnight. Taiwan Semi already raised its 2026 capex guidance to between $52 and $56 billion back in January. These aren't small adjustments—they're signals that the AI infrastructure buildout is accelerating.

I've been looking at two plays that seem like best stocks to buy now on this recent weakness. First up is ServiceNow (NOW). The stock got absolutely crushed—down nearly 50% from its January highs. That's brutal, but here's the thing: NOW isn't some old-school software company that's being disrupted by AI. It's actually doing the opposite. They've been integrating AI deep into their platform and just announced they're expanding their partnership with OpenAI to power agentic AI experiences. They're also working with Anthropic on Claude integration.

The numbers are solid. NOW posted 21-24% sales growth in 2025, hitting $13.28 billion in revenue. That's more than double what they did in 2021. They had 244 deals over $1 million in new annual contract value last quarter, up 40% year-over-year. GAAP earnings grew 22% to $1.67 per share, and adjusted EPS was up 27%. For 2026, they're guiding for 20% revenue growth and 18% adjusted earnings growth. The CEO literally just bought $3 million worth of shares, saying there's no better entry point. That tells you something.

The other one I'm watching is Celestica (CLS). This is more of a pick-and-shovels play—they manufacture the actual hardware that powers AI data centers. Servers, networking switches, all that infrastructure. CLS is down about 25% from its November highs, which feels like an opportunity.

Last year CLS grew revenue 29% to $12.39 billion, more than doubling their revenue since 2021. Adjusted earnings jumped 56%, and GAAP EPS grew over 90%. They're projecting 37% revenue growth for 2026 and 39% for 2027, which would push them to nearly $24 billion in revenue. That's the kind of growth trajectory that doesn't come around often. Plus, they're investing $1 billion in capital expenditures this year and expect to fund it all from operating cash flow.

Both of these look like best stocks to buy now if you're thinking longer-term. The pullbacks have been real, but the fundamentals are actually getting stronger, not weaker. Sometimes that's when the best opportunities show up. If you're looking to add exposure to the AI infrastructure theme without chasing into overbought territory, this dip looks like it's worth taking seriously.