The Nasdaq-100 is an index monitoring some of the largest technology companies in the world. So far in 2022, the index is down over 32% with some of the index's top holdings, like Meta Platforms and Netflix, trading down more than 50%. This index, which had a lofty price-to-earnings ratio of 35 a year ago, is now sporting a much more affordable P/E of 23. That's a huge swing in the valuations of these technology companies.

If you have $5,000 available that's not needed to pay bills, bolster an emergency fund, or reduce short-term debt, now could be a great time to buy some tech stocks as so many are trading at discounted prices. I'd consider putting that available cash toward two tech stocks currently trading at a discount -- Electronic Arts (NASDAQ: EA) and Wix.com (NASDAQ: WIX). Both are great buy-and-hold candidates and worthy of further investigation. Here's why.

You may know Electronic Arts (EA) as the publisher of the popular EA Sports games. These include FIFA Soccer, Madden NFL, and others. These offerings have virtual monopolies on sports simulation games. Annual game releases and the growth of in-game purchases make these sports franchises highly profitable, and they are the key factor in why EA's stock is up about 25,000% since it went public a few decades ago.

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Source Fool.com