3 Top Tech Infrastructure Stocks to Buy Now
A myriad of worries has conspired against the stock market so far this year, including inflation and the Federal Reserve's aggressive interest rate hikes to help get skyrocketing prices under control, supply chain disruptions, and war in Ukraine. Tech stocks in particular are out of favor at the moment while the market flocks to investments in energy and physical infrastructure. The Nasdaq Composite has fallen about 28% from its all-time high.
Amidst the pain in the stock market, though, companies that specialize in technology infrastructure are actually performing quite well. Money is flowing into the tools needed to enable cloud computing and related next-gen tech initiatives. Three companies that are booming are DigitalOcean Holdings (NYSE: DOCN), Twilio (NYSE: TWLO), and Fortinet (NASDAQ: FTNT). Here's why all three tech infrastructure stocks are buys in my book.
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Source Fool.com
