Tech

Only 2 Megacap Tech Names Remain on Josh Brown's List—and in a Tight Spot

Josh Brown's Best Stocks list now features only two megacap tech names: Apple and Alphabet. As of March 23, 2026, both are in technical headwinds that complicate near-term upside, underscoring a broader investor shift toward firms with clearer earnings visibility.

📅 March 23, 2026
⏱️ 2 min read
Only 2 Megacap Tech Names Remain on Josh Brown's List—and in a Tight Spot

Key Takeaways

  • Only Apple (AAPL) and Alphabet (GOOG) remain on Brown's megacap roster as of March 23, 2026.
  • Apple's Q1 2026 revenue reached $143.8 billion, up 16% year over year, with operating cash flow around $54 billion and Services revenue at $30 billion.
  • Alphabet's 2025 revenue reportedly topped $400 billion with a focus on Gemini 3 and AI compute, and a reported 2026 capex plan of $175–185 billion and a $240 billion cloud backlog.
  • Both megacaps face near-term price action headwinds—Apple lower highs; Alphabet directionless below near-term moving averages—amid concerns about margin pressure from AI investments.

People Involved

  • Josh Brown Financial commentator and founder of Ritholtz Wealth Management

Entities Involved

  • Apple Inc. (AAPL) Megacap technology company
  • Alphabet Inc. (GOOG) Megacap technology company

MarketMoodz Analysis

From an investor's lens, the narrowing megacap roster widens dispersion for portfolios and concentrates risk in a small handful of names that still carry earnings visibility. Even with AI tailwinds, the capital intensity of AI compute suggests margins for the largest players could face pressure in the near term, complicating the case for aggressive multiple expansion.

Historically, megacap leadership cycles have shifted with AI and cloud demand. The current setup mirrors periods when hype about frontier AI collided with capex-driven margin compression. Monitor Alphabet's cloud trajectory and Gemini 3 adoption, Apple’s Services growth and iPhone cycle, and price-action around moving averages as signals of traction or fragility.

Source: Original Article

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