Looming interest rate hikes to curb inflation are expected to hinder the tech industry’s near-term growth. Nevertheless, we think it could be wise to exploit the current dip in quality tech stocks because they could rebound quickly on the increasing demand for advanced technologies.
Given the inexorable digitization of nearly every industry, the tech sector is expected to witness consistent and robust demand. Citi recently upgraded the U.S. tech industry. With the extended hybrid work and lifestyle, the overwhelming demand for tech solutions should drive the sector’s long-term growth.
