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Amid rising concerns regarding the COVID-19 Delta variant’s spread in several countries, the remote working culture is expected to remain the norm at least over the next several months. Furthermore, the rapid digital transformation of virtually every industry is likely to drive the demand for software services higher in the coming months and beyond.
While rising concerns regarding decelerating economic growth caused the tech-heavy Nasdaq composite to decline yesterday, established software stocks Microsoft Corporation (NASDAQ:MSFT), Adobe Inc. (ADBE), and Garmin Ltd . (NASDAQ:GRMN) witnessed modest gains. These fundamentally sound stocks, with immense growth potential, are currently trading near their all-time highs and are expected to continue advancing in the coming months.
