
Tech stocks were crushed in a market sell-off in 2022 due to rising interest rates, record-high inflation, and uncertain economic conditions. With the stock market still stuck in a downtrend this year, aggravated by worries over bank insolvencies, several fundamentally sound tech stocks are on sale.
One such high-quality stock is trading under $5 and could be a solid investment now. I am talking about Nokia Oyj (NOK), which has a huge addressable market. Throughout this piece, I have discussed various reasons why I am bullish on NOK.