Concerns over the Federal Reserve’s ability to tame the multi-decade high inflation by raising interest rates further without affecting economic growth have led to a massive tech sell-off over the past few weeks. The tech-heavy Nasdaq Composite lost 16.2% over the past month. Experts expect the tech-heavy index to witness further downside in the near term.
However, the growing reliance of businesses on tech solutions, consistent innovations, and rising corporate and government investments in this space should keep driving the industry’s growth. Therefore, it could be wise to buy the dip in quality technology stocks to benefit significantly from their rebound.
