The Fed's aggressive interest rate hikes since last year put pressure on tech stocks. However, inflation easing and the likelihood of a pause in interest rate hikes have helped tech stocks recover sharply this year. With rate cuts likely next year, tech stocks should benefit.
To that end, it could be wise to buy fundamentally strong tech stocks Nidec Corporation (NJDCY), Panasonic Holdings Corporation (PCRFY), and AstroNova, Inc. (ALOT).
