3 Smartest Tech Stocks to Buy in 2022 and Beyond
After nearly a decade of leading the market higher, tech stocks have hit a wall in 2022 in the face of rising inflation and rising interest rates. The tech-heavy Nasdaq Composite is down nearly 26% year to date, and the Technology Select Sector SPDR ETF (NYSEMKT: XLK) is down 24% over the same time frame.
But investing is a long-term game, and for long-term investors, this sell-off creates the opportunity to buy some of the world's most innovative companies at a steep discount to where they were just a few months ago. Many of these companies are crucial to the global economy, have wide moats, and create irreplaceable products, so it seems likely that these stocks will help investors grow their portfolios over the long run.
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Source Fool.com
