The Fed’s aggressive rate hikes have led to a significant sell-off in technology stocks. Yet, the industry is well-positioned to benefit in the long run, thanks to continuous innovation and the demand for digital transformation across industries. Investors looking to invest in tech stocks could consider buying shares of Cisco Systems, Inc. (CSCO) and Extreme Networks, Inc. (EXTR).
However, considering the lingering macroeconomic headwinds, I think it is best to steer clear of fundamentally weak BlackBerry Limited (BB) now.
