Core Viewpoint - The latter half of 2025 is expected to be characterized as a stock picker's market, moving away from the dominance of momentum stocks like Microsoft and Nvidia [1] Group 1: Market Dynamics - The S&P 500 has been heavily influenced by momentum plays, indicating a potential shift in investment strategies as the market evolves [1] Group 2: Analyst Background - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and has been an adviser to seed-round startups [1]