As market breadth worsens, meaning there are more stocks with declining prices than increasing, investors weigh the impact of a few Big Tech names leading the market.

PIMCO portfolio manager Erin Browne joins Morning Brief Hosts Seana Smith and Brad Smith to share here read on current market conditions and the dynamics at play in the tech sector.

"There's a real dichotomy between the haves and the have-nots in the tech sector right now. What you're seeing is that those tech companies that are really leveraged to the AI theme continue to do quite well, whereas those semiconductor chip companies that maybe are more geared toward the old economy, to the autos, to more of the analog and industrial sectors of the economy, have really underperformed," Browne says.

She notes, "2025 is going to be another good year for the AI levered names. You've started to now see some of the leadership switch just from the semiconductor chip companies to more of the software developers, the enablers for AI."

Watch the video above to learn more about Browne's market outlook in he new year as Trump's second term in the White House kicks off.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Naomi Buchanan.