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Furthermore, rapid digitalization across all sectors, coupled with the increasing adoption of advanced technological solutions and widespread deployment of 5G, will likely fuel the industry’s growth. This has made investors bullish about the industry, as evidenced by the Technology Select Sector SPDR Fund’s (XLK) 12.4% returns over the past three months.
Considering these factors, fundamentally strong tech stocks KLA Corporation (KLAC) and Nokia Corporation (NOK), which Wall Street analysts have upgraded recently, we think could be wise additions to your portfolio now.
