The claim is supported by financial market data from late 2025 and early 2026. Sources from Charles Schwab and J.P. Morgan confirm the starting point of approximately 35% for the technology sector's weight in the S&P 500. Subsequent reports from Barron's and Schwab in February 2026 document a market rotation where energy and materials gained share while tech's relative weight declined, consistent with the reported three percentage point drop.