Top technology firms such as Microsoft Corp (NASDAQ:MSFT) and NVIDIA Corp (NASDAQ:NVDA) have recently generated business headlines for the possibility of a sector turnaround. Since July, several innovation specialists that previously benefited from the rise of artificial intelligence began showing weakness. However, the blistering surge in the Cboe Volatility Index or VIX contributed to a dramatic selloff earlier this month.

At the time, concerns accelerated that the narrative of generative AI had overshot itself. Still, with the market digesting the red ink, the bulls are starting to bid up the underlying discount. What's more, Crossbridge Capital Chief...