Many tech stocks tumbled over the past few months as rising interest rates and other macroeconomic headwinds sparked a retreat toward more conservative investments. However, a handful of resilient blue chip tech stocks withstood that sell-off a lot better than the speculative growth plays.
Two of the most resilient names were Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). Both stocks pulled back about 20% this year but outperformed the Nasdaq's year-to-date decline of nearly 30%. They also weren't crushed like the hypergrowth tech stocks.
Should investors buy shares of Apple or Alphabet right now? Let's evaluate their core businesses, near-term challenges, and valuations to decide.
Source Fool.com