Rising interest rates, multi-decade high inflation, and economic uncertainty sent tech stocks tumbling last year. But the technology sector has been on a roll in 2023, with the Nasdaq Composite up approximately 31.3% year-to-date. Tech stocks have been buoyed by major breakthroughs in generative AI, led by OpenAI’s ChatGPT chatbot and the promise of a new era of growth for the sector.
Amid rising optimism in the sector, fundamentally sound tech stocks Panasonic Holdings Corporation (PCRFY), TransAct Technologies Incorporated (TACT), and Daktronics, Inc. (DAKT) could be ideal investments now for potential gains.
