Tech Sell-Off: 2 Nasdaq Stocks Billionaires Are Buying Hand Over Fist
Make no mistake -- 2022 has been a tough year if you're an investor. At their lows in mid-October, the S&P 500 and the Nasdaq Composite were deep in bear market territory, down more than 25% and 35%, respectively. Add to that the persistent inflation and the Federal Reserve's campaign of rising interest rates, and it's easy to understand why some investors might be content to stuff their money in a mattress to ride out the economic storm.
Yet not all investors are hunkering down. Several well-known hedge fund managers have been buying stocks hand over fist, as the downturn marks the best buying opportunity in more than a decade. Let's take a look at two stocks that these billionaires view as compelling opportunities right now.
Image source: Getty Images.
Source Fool.com
