Increased digitization initiatives and the integration of cutting-edge technologies are driving the growth of the technology industry. With businesses boosting their reliance on digital technologies, the tech industry is set to grow substantially in the long term.
Given the favorable industry trends, it could be wise to buy fundamentally strong tech stocks NetApp, Inc. (NTAP) and TD SYNNEX Corporation (SNX). However, not all tech stocks are likely to perform well. Hence, investors could look to avoid IonQ, Inc. (IONQ), given its poor fundamentals and growth prospects.
