Neuberger Berman senior research analyst Dan Flax joined Market Domination anchors Julie Hyman and Josh Lipton on the Yahoo Finance Playbook to discuss navigating recent sluggishness in some tech stocks.

Apple (AAPL) demonstrated that it "can continue to innovate" at Monday's event, Flax said, noting that "the user experience is continuing to change" while "the developer community remains healthy." The analyst said he expects "better growth over the next year, which will contribute to stock price outperformance."

Flax said that Nvidia (NVDA) stands to gain as cloud vendors like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) invest in artificial intelligence (AI) despite near-term volatility amid Blackwell delays. He says the key for Nvidia "is to continue to execute on its product cycles."

After Oracle (ORCL) stock jumped following its first quarter earnings beat, Flax noted positive feedback from Oracle's cloud customers. The analyst expects "growth for Oracle cloud to remain robust over the next few years" though "it's certainly lumpy quarter to quarter."

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This post was written by Naomi Buchanan.