Hammered down by reasons such as sky-high inflation, rising interest rates by Fed, layoffs, and recessionary fears, the tech-heavy Nasdaq Composite plunged 15.4% over the past year. However, with a rising inclination toward the adoption of advanced digital technology, the industry is well-positioned to witness considerable growth.
Moreover, investment management firm Allianz Global Investors believe that the potential peaking of interest rates this year could bode well for the tech sector and pose an attractive entry point for investors.
