2 Oversold Cloud Stocks to Buy in the Nasdaq Bear Market
There's no nice way to dress it up. This has been a rotten year for tech investors.
The tech-laden Nasdaq Composite index has tumbled by 29% since hitting an all-time high last November. Even those of us who have been investing long enough to remember the dot-com crash at the turn of the century keep rubbing our eyes in disbelief.
This time around, shares of already profitable companies in the exploding cloud services industry have been hit hard even though they're in a high-growth industry. Tech research specialist Gartner estimated worldwide spending for cloud services at $411 billion last year, and expects this figure to reach $600 billion in 2023.
Source Fool.com
