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StockNews.com
StockNews.com
Business
Malaika Alphonsus

2 Tech Stocks to Buy and Hold for the Next Decade

Dell CLS US Federal Reserve Celestica Inc. Dell Technologies Inc

Tech stocks endured a challenging 2022 due to the Fed’s aggressive rate hikes. The tech-heavy Nasdaq Composite has lost 29.7% over the past year. However, the tech industry remains well-poised for long-term growth due to consistent spending by businesses on cloud solutions, software, and cyber security.

According to the latest CNBC Technology Executive Council survey, 74% of tech executives believe their companies will spend more on new technology in the next 12 months.

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