2 Beaten-Down Tech Stocks Poised to Bounce Back in the Long Run
Investors have fallen out of love with technology stocks lately, and it's abundantly clear why. Record-high inflation is impacting the global economy, and as a result, the Fed has opted to raise interest rates. Additionally, adverse effects from the war between Russia and Ukraine serve as another element currently weighing down the stock market.
Since the start of 2022, the S&P 500 and Nasdaq Composite have dropped 14% and 23%, respectively. As macro headwinds continue to govern share price movements, many investors have lost sight of fundamentals. Long-term investors can exploit the ongoing sell-off by purchasing shares of great businesses at attractively low valuations.
On that note, here are two tech stocks that investors should pounce on right now while they're down.
Source Fool.com
