Last year, the tech industry underperformed as it faced the headwinds of aggressive rate hikes and high inflation. However, the buzz around generative AI is boosting tech stocks this year. The tech-heavy Nasdaq Composite has rallied more than 34% year-to-date.
To that end, it could be wise to buy fundamentally strong software stocks DocuSign, Inc. (DOCU), Smartsheet Inc. (SMAR), and Consensus Cloud Solutions, Inc. (CCSI).
