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Investor optimism over the tech industry’s prospects is evident in the iShares Global Tech ETF’s (IXN) 12.1% returns over the past three months versus the SPDR S&P 500 ETF Trust’s (SPY) 7.7% gains. Substantial IT spending, growing demand for semiconductors, and increasing dependency on advanced technology solutions should bolster the tech industry’s growth.
Given this backdrop, we think it could be wise to bet on quality stocks Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), HP Inc. (NYSE:HPQ), ASE Technology Holding Co., Ltd. (NYSE:ASX). They each look significantly undervalued at their current price levels.
