An increase in the outsourcing of non-core operations and the growing adoption of new technologies such as artificial intelligence and blockchain is expected to drive growth in the tech industry. However, supply chain issues and disrupted manufacturing processes continue to impact the tech market.
Therefore, while I think quality tech stock NetScout Systems, Inc. (NTCT) might be a solid buy now, AvePoint, Inc. (AVPT) might be best kept on hold, and Riot Platforms, Inc. (RIOT) might be best avoided in August, given its weak fundamentals.
