When the equities sector started to unravel as soaring inflation and the conflict in eastern Europe took its toll on investor sentiment, the technology sector was one of the hardest hit. However, the bearishness may have gone overboard, thus bolstering tech stocks trading at a discount.
One main reason to consider picking up deflated shares is that innovation always moves forward. With digitalization becoming an even more ingrained reality than in the past, it’s a likely bet that tech stocks focused on wider connectivity will eventually recover. However, investors can enjoy the greatest rewards by getting in early before the wave.
Therefore, those that can handle some choppy waters should get ready to do some digging in the discount bin.
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