3 Stocks I Am Buying During This Tech Selloff
U.S. tech stocks seem to have entered a correction phase in 2022. Much of the decline can be attributed to an imminent tightening in monetary policy, as the U.S. Federal Reserve struggles to control inflation that is much higher and stickier than anticipated.
While the correction is well-justified for speculative tech stocks, some fundamentally strong and financially stable stocks such as Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Taiwan Semiconductor Manufacturing (NYSE: TSM) are also being unduly punished. Hence, this period of broader market decline can prove to be a reasonable entry opportunity for long-term retail investors to get their hands on these stocks.
Let's see why they can prove to be attractive picks during the current tech sell-off.
Source Fool.com
