The Federal Reserve’s aggressive monetary policy stance has led to a broad-based tech sell-off. The tech-heavy Nasdaq Composite lost 11.4% over the past month. With investors shunning highly-priced tech stocks on concerns over the rising interest rates taking a toll on them, the industry might witness a further downtrend in the near term.
Growing dependence on cutting-edge tech solutions positions the tech industry well for long-term growth. Therefore, experts see the current tech sell-off as an opportunity to buy fundamentally sound and resilient tech stocks.
