The tech sector fared well this year as investors flocked to hardware and software stocks that were well-insulated from the COVID-19 crisis. That trend might continue next year as the market grapples with the economic aftershocks of the pandemic, but not every tech stock will be a compelling buy.
Let's take a closer look at three wobbly tech stocks that you should avoid next year: Intel (NASDAQ: INTC), Momo (NASDAQ: MOMO), and Tencent Music Entertainment (NYSE: TME).
Intel's stock lost nearly a fifth of its value this year as the chipmaker made several costly mistakes. Last year, it suffered a chip shortage as its troubled development of 10nm chips throttled its supply of 14nm chips. It gradually resolved that shortage this year, but stumbled again when a defect delayed its mass production of next-gen 7nm chips to 2022.
Source Fool.com