4 Stocks I Bought During the Latest Tech Selloff

The tech sector generated robust gains for investors in 2020 as more people used digital services to work, learn, shop, play, and stay in touch during the pandemic. A retreat from other pandemic-stricken sectors accelerated that shift and turned many tech stocks into defensive plays.

So far, 2021 has been more challenging for many of those tech darlings. Rising vaccination rates are causing investors to shift from pandemic plays to reopening plays, while rising bond yields are sparking a rotation from growth stocks to value stocks.

As a result, the tech-heavy Nasdaq stumbled in the second half of February and the first week of March. That decline spooked many investors who had grown accustomed to the Nasdaq's ongoing gains, creating some buying opportunities among these now-discounted companies. During the dip, I took advantage of the situation to accumulate more shares of four promising tech stocks: Bumble (NASDAQ: BMBL), Pinterest (NYSE: PINS), salesforce.com (NYSE: CRM), and ASML Holding (NASDAQ: ASML). Let's find out a bit more about these companies.

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Source Fool.com