The bank crisis and elevated recession risks have raised expectations that the Fed will start cutting rates later this year, helping lower bond yields and giving tech stocks a further lift. Also, given the industry's solid long-term potential, I think quality tech stocks Fuji Electric Co., Ltd. (FELTY) and Bel Fuse Inc. (BELFB) might be ideal investments.
According to Peter Voser, the chairman of ABB, a Swedish-Swiss tech and engineering giant, the global shortage of semiconductors, which has caused disruptions to supply chains and impacted the tech industry, is being resolved. He believes that the worst of the chip supply crunch has subsided.
