Despite the challenges faced by the technology industry in the past year, including multi-decade high inflation, aggressive rate hikes by the Fed, and significant layoffs, the tech industry remains buoyant due to the increasing demand for tech hardware solutions.
Hence, fundamentally strong tech stock AstroNova, Inc. (ALOT) could be a solid buy. However, I think investors could wait for a better entry point in Cricut, Inc. (CRCT) and avoid Western Digital Corporation (WDC).
