Despite the cyclical ups and downs, the technology industry is well-positioned for continued resilience and solid growth in the long term, driven by sustained demand for innovative tech services amid rapid digitalization worldwide and new technological breakthroughs.
Given the industry’s strong footing, investing in fundamentally sound tech stocks Uber Technologies, Inc. (UBER) and Zoom Video Communications, Inc. (ZM) could be wise now. However, investors could hold Lyft, Inc. (LYFT) and wait for a better entry point in this stock.
