The tech sector has expanded rapidly in recent years. However, despite robust demand, the industry is pressured by macroeconomic headwinds and layoffs. Hence, let’s take a look at tech stocks Advanced Micro Devices, Inc. (AMD) and Exela Technologies, Inc. (XELA) and discuss why it’s best to steer clear of these stocks now.
According to an International Data Corporation (IDC) report, global IT spending is expected to slow down in 2023 as rising interest rates affect companies’ budgets.
