Tech stocks have gained significant momentum amid the COVID-19 pandemic. Furthermore, with robust digitization occurring in almost every industry, and with 5G being deployed widely, tech companies are seeing a surging demand for their products and services. So, considering the tech sector’s solid growth attributes, we think AAPL and MSFT could be great picks now.
In contrast, the social-media-triggered interest of retail investors, and the excessively stretched valuations of AMC and CLOV, could potentially lead to these shares retreating in price in the near term. Given their shaky fundamentals amid heightened market volatility, we think AMC and CLOV are best avoided now.