Tech stocks have witnessed a massive sell-off this year, with the tech-heavy Nasdaq Composite index slumping 30.7% year-to-date. The Fed’s aggressive policy tightening to bring prices down, supply chain logjams, a tight labor market, and geopolitical unrest have all contributed to the correction.
However, with the rapid evolution of technology, organizations are investing in keeping up with the trends in this fast-changing environment. Given the surging demand for tech products and solutions and consistent breakthroughs, the industry is expected to generate substantial revenues in the long run.
