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Business

Nidhi Agarwal

3 Tech Stocks for Bullish Investors This Week

PSTG ERIC PRLB Enterprise Vonage NMSU Nvidia Paragon Proto Labs Inc Pure Storage Inc

The tech industry is booming due to significant investments in digital transformation, increasing demand for seamless connectivity, and rising GenZ’s smartphone habits. Thus, investors could consider buying fundamentally sound tech Telefonaktiebolaget LM Ericsson (publ) (ERIC), Pure Storage, Inc. (PSTG), and Proto Labs, Inc. (PRLB) this week.

Companies spanning various sectors are increasingly investing in critical domains like cloud computing, cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), machine learning, and collaboration tools. According to the latest forecast by Gartner, global IT spending is expected to increase 8% year-over-year to $5.06 trillion in 2024.

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