
The tech sector was among the hardest hits last year as the Federal Reserve undertook aggressive interest rate hikes to curb record-high inflation. However, the sector has staged a remarkable comeback this year as inflation continues to ease, and the Fed contemplates pausing rate hikes.
The tech-heavy Nasdaq Composite has outperformed the S&P 500 and the Dow Jones Industrial Average, rising 31.1% year-to-date. In this piece, I have compared popular tech names Uber Technologies, Inc. (UBER) and Zoom Video Communications, Inc. (ZM) to determine the better value buy.