Should You Buy Tech Stocks Right Now?

Tech stocks as a class are going through their most challenging times since the 2008-09 financial crisis. Stocks like Meta Platforms have lost more than half their value over the last 12 months. Moreover, the ARK Innovation ETF, which tracks growth tech stocks, has dropped by more than 65%.

Admittedly, companies such as IBM and Apple have fared better in this tech downturn. Nonetheless, the massive declines in many tech stocks warrant looking at both the bull and bear cases for them to see whether investing in this category still makes sense.

Despite painful losses over the last few months, history has shown that it pays for investors to keep their faith in the tech sector. This past-performance factor proves especially true with one of tech's more prominent names, Amazon (NASDAQ: AMZN). The company grew quickly following its initial public offering (IPO) in May 1997 and reached a split-adjusted high of $5.65 per share in December 1999.

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Source Fool.com