Worried About Inflation? This Tech Stock Could Make You Rich

Throughout the pandemic, the federal government has issued several stimulus payments and boosted unemployment benefits, while the Federal Reserve has kept interest rates near historic lows and spent trillions buying treasury bonds and mortgage-backed securities.

These initiatives were meant to stabilize the economy by putting more money in the hands of consumers. Unfortunately, that rapid proliferation in money supply has stoked fears about inflation, and the stock market has taken a hit -- especially tech stocks.

Even so, investors should consider buying PayPal Holdings (NASDAQ: PYPL). Its business model could actually help hedge against inflation, and the company recently reported impressive financial results for the first quarter of 2021. Here's what investors should know.

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Source Fool.com