The tech sector has faced severe challenges since last year due to various macroeconomic challenges. However, the sector will likely witness a turnaround, with inflation easing considerably and the interest rate hikes potentially nearing an end. Moreover, the rapid digitization and rising adoption of emerging technologies like AI (Artificial Intelligence) and IoT (Internet of Things) should drive the industry’s prospects.
Given this backdrop, it could be wise to buy fundamentally strong tech stocks Canon Inc. (CAJPY), AstroNova, Inc. (ALOT), and TransAct Technologies Incorporated (TACT).
