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Business
Kritika Sarmah

3 Hot Software Stocks to Buy for 2023

YEXT GDDY FFIV US Federal Reserve F5 Kritika SarmahHer Inflation

The Fed’s aggressive monetary policy to curb sky-high inflation, along with the geopolitical headwinds, hindered the software industry’s growth last year. However, the inflation is cooling, which might prompt the Fed to slow its aggressive monetary pace this year. This should boost the software industry.

Moreover, the overall enterprise IT spending is expected to remain stable this year. According to the latest forecast by Gartner Inc (IT), worldwide IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4% from 2022.

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