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Since high inflation and increasing Treasury yields are expected to keep the stock market volatile in the near term, overpriced tech stocks might suffer a price decline. Conversely, fundamentally sound tech stocks could be ideal bets for cashing in on the industry’s long-term growth prospects.
Their solid fundamentals and growth prospects make Microsoft Corporation (NASDAQ:MSFT), Qualcomm Incorporated (QCOM), Micron Technology, Inc. (NASDAQ:MU), and HP Inc. (NYSE:HPQ) ideal bets now. Our proprietary POWR Ratings system has rated these stocks ‘Buy.’
