The Fed’s incessant rate hikes, the banking sector turmoil, and the debt default crisis have triggered fears of a recession. The tech industry, which was already under immense pressure last year, is feared to remain in a vulnerable zone for a while owing to the aforementioned economic headwinds.
Therefore, tech stocks Affirm Holdings, Inc. (AFRM), Riot Platforms, Inc. (RIOT), HIVE Blockchain Technologies Ltd. (HIVE), and Bakkt Holdings, Inc. (BKKT), with a bleak outlook, could be best avoided now.
