Investor Shifts from Energy to Technology Stocks
Investor Stephanie Link is switching gears, moving some of her gains from energy companies to technology stocks. On Wednesday during a segment on CNBC’s “Power Lunch,” Link, who serves as chief investment strategist at Hightower Advisors, revealed her decision to sell her shares in Chevron in favor of a new tech investment. She expressed interest in cashing in on a 35% return she achieved with Chevron, although she noted that she still maintains a strong position in the oilfield services company, SLB.
Link mentioned that Chevron’s commitment to profitability is being challenged as oil prices decline, partly due to a recent agreement between Iran and the United States. President Donald Trump announced a two-week pause on attacks against Tehran, suggesting the ceasefire hinges on Iran agreeing to reopen the Strait of Hormuz. Following this news, West Texas Intermediate futures saw a significant drop, closing down over 16% at $94.41 per barrel—the steepest decline since April 2020. The energy sector overall struggled on Wednesday, with Chevron’s stock falling by 4.3%.
“I didn’t have any issues with Chevron… I just took my profits and wanted to invest elsewhere,” Link explained during the segment. She further elaborated, saying she reinvested her earnings into various tech stocks, although she didn’t disclose specific names. However, she did highlight her enthusiasm for certain stocks that contribute to the data center revolution, particularly Quanta Services, a power infrastructure provider. “They are involved in many areas of the entire supply chain,” she stated, mentioning how Quanta stands to gain from growing data center needs, rising electricity demands, and necessary grid updates. She described it as a solid investment that could be held for a decade or more.
Quanta Services stock has surged approximately 37% since the beginning of the year. In her commentary, Link also pointed to Vertiv and Eaton as appealing investments in the power sector. When asked about potential strong performers in the energy sector, Link suggested that low-hanging fruit might be found in technology companies like Nvidia or Broadcom. She expressed doubt about the popularity of companies that provide essential tools for building artificial intelligence, saying, “I own a lot of these.” Notably, Vertiv and Eaton’s stock prices have risen by 73% and 21%, respectively, in 2026.
