The tech market was hit particularly hard last year as rising interest rates caused reductions in consumer and commercial spending. Product sales plunged, with shoppers reluctant to upgrade various devices. Meanwhile, budget cuts saw businesses de-prioritize cloud and advertising services. The marketwide declines triggered a sell-off, with the Nasdaq-100 Technology Sector index tumbling 40% throughout 2022.

However, the same index has soared nearly 50% this year, illustrating the resilience of the tech sector and why it's crucial to keep a long-term mindset when investing. Those who sold amid last year's economic downturn will not have benefited from the recovery many stocks have enjoyed since January.

The tech market is booming, bolstered by high-growth sectors such as artificial intelligence (AI) and cloud computing. As a result, now is an excellent time to consider a long-haul investment in the industry and profit from the development of these markets. Below are two hyper-growth tech stocks to buy in 2023 and beyond.

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Source Fool.com