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StockNews.com
StockNews.com
Business
Rashmi Kumari

Investors Beware: 2 Tech Stocks That May Be Heading for Turbulence

The tech sector might remain under pressure in the near term due to macroeconomic issues. Therefore, I think 3D Systems Corporation (DDD), Shapeways Holdings, Inc. (SHPW), might be best avoided now, considering their bleak fundamentals.

According to an International Data Corporation (IDC) analysis, global IT spending is expected to slow down in 2023 as increasing interest rates impact company budgets.

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