It got lost in the shuffle of the "June swoon," but the Nasdaq was up 0.6% in the second quarter -- not great performance, but certainly better than the Dow and S&P.

In the wake of the Nasdaq's relative strength, beleaguered investors can be forgiven for asking if the time for tech is finally at hand.

Scott Bleier, president of HybridInvestors.com, believes there is an opportunity at hand in tech stocks, but not in the sexy "cult stocks" like Apple, Research In Motion, or Google.

Instead, Bleier believes tech investors should search where expectations are lowest, namely in the chip and chip equipment sector.