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Last week, the tech-heavy Nasdaq hit a record high as the Federal Reserve’s comments eased fears of a sudden tapering of monetary stimulus and boosted optimism around the economic recovery. Furthermore, with technology playing a pivotal role in enabling remote work and digitalization, the industry is expected to grow. According to a Gartner , Inc. (NYSE:IT) report, governments globally are expected to spend $557.3 billion in 2022 on information technology, representing a 6.5% year-over-year rise.
Therefore, it could be wise to bet on quality tech stocks AudioCodes Ltd. (AUDC), Kimball Electronics, Inc. (KE), and Issuer Direct Corporation (ISDR). They are expected to perform well for the foreseeable future due to their promising product portfolios and continuing innovations.
