Looking for Tech Stocks? These 3 Are Great Buys
The 2022 bear market can be summarized in three words: plummeting technology stocks. Of course, there were many variables that caused stocks to fall 20% or more last year, but none was more important than the popping of the tech stock bubble. Share prices of so many leading companies in 2020 and 2021 fell as much as 50% or more in just a few quarters, driving many investors away from the sector. But smart long-term investors know that falling stocks offer an opportunity to put their foot on the gas, not slam on the brakes.
Declining prices can provide fantastic buying opportunities for investors with multiyear mindsets. Here are three tech stocks that are great buys right now.
E-commerce pioneer Amazon (NASDAQ: AMZN) operates in many countries worldwide and has a 37.8% market share in its home U.S. market. With the global e-commerce industry projected to grow at a steady rate for the rest of this decade, Amazon has a clear opportunity to grow its revenue for many years if it can retain this market share lead.
Source Fool.com
