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Time to Reboot Tech Investment: Godfrey

Weakness in technology stocks could be a buying opportunity as businesses look to ramp up spending, Gemma Godfrey of Brooks Macdonald Asset Management said Wednesday.

"The question is: Is it time to reboot that investment?" she said. "It's really underperformed year to date."

On CNBC's "Fast Money," Godfrey noted that the recent market rally had been led by defensive stocks.

But now it was time to exit such sectors as consumer staples and increase technology exposure, she added.

"The technology sector's far from reaching saturation in emerging markets. And crucially as a play on the business cycle, a lot of companies have delayed spending on renewing their infrastructure," she said.

"We actually see it more of a longer-term play and saying that actually with the weak performance it could be a great buying opportunity."

Trader disclosure: On April 3, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Enis Taner is long BIDU CALL SPREAD; Enis Taner is long TSLA CALL SPREAD; Enis Taner is long FXE PUTS; Enis Taner is long MSFT PUTS; Enis Taner is long XLF PUTS; Enis Taner is long GS; Enis Taner is long GS PUT SPREAD; Enis Taner is short YHOO call spread; Pete Najarian is long AAPL; Pete Najarian is long JPM CALLS; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long MSFT; Pete Najarian is long AMZN CALLS; Steve Weiss is long BAC; Steve Weiss is long C; Steve Weiss is long AIG; Steve Weiss is short AKS; Steve Weiss is short BHP; Steve Weiss is short VALE; Steve Weiss is short RIO; Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long AXP; Joe Terranova is long KORS; Joe Terranova is long GS; Joe Terranova is long SWN.

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