Analysts might differ on whether we are in a bull market, but the recent increases in stock prices reduced the pool of cheap tech stocks. This probably means the low-hanging fruit found at the height of the 2022 bear market has largely disappeared.

Nonetheless, investors can find bargains, particularly with established tech giants that appear poised for a comeback. With the S 500 close to all-time highs, investors might want to consider IBM (NYSE: IBM), Intel (NASDAQ: INTC), and Qualcomm (NASDAQ: QCOM). Here's why these three "cheap" tech stocks are potential buys right now.

For much of the previous decade, IBM stock fell into decline as most of its business segments became stagnant amid slowing or negative growth. But this has appeared to shift under current CEO Arvind Krishna, who led the historic $34 billion takeover of Red Hat, helping to transform IBM into a cloud giant.

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Source Fool.com