3 Nasdaq-100 Stocks to Double Down On in July

The bear market has hit investors hard, and it appears that no major index reflects this pain more than the Nasdaq-100 Technology index (down nearly 33% from all-time highs). The tech-heavy nature of its holdings has also made this decline more severe as many growth tech stocks crashed.

But while the stocks are down significantly, the companies behind the stocks are still solid. Their current growth rates and the value propositions of these enterprises dramatically increase the likelihood of an eventual recovery. To this end, investors may want to consider doubling down on three Nasdaq stocks: Advanced Micro Devices (NASDAQ: AMD), MercadoLibre (NASDAQ: MELI), and Zoom Video Communications (NASDAQ: ZM). Let's find out a bit more about them and why they are worth investing in.

Advances in the tech industry have dramatically increased the demand for semiconductors, and AMD's position in the CPU and GPU markets has placed it at the center of this trend.

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Source Fool.com