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Furthermore, rapid digitalization is increasing the demand for advanced technology solutions. And the continued deployment of 5G is expected to boost the industry’s growth. The resurgence of COVID-19 cases has also made the backdrop favorable for the technology industry because it suggests a prolonging of remote activities adopted during the worst of the pandemic. .
But because investors expect a market correction in the near term, several overpriced tech stocks could suffer a decline. So, we think it could be wise to bet on affordably priced tech stocks. Absolute Software Corporation (ABST) and AstroNova Inc. (ALOT), which are currently trading below $20. fit the bill because they possess sufficient fundamental strength to create significant value for investors in the coming months.
