This is turning out to be a good year for technology stocks. Investors seem to have regained their confidence in the sector on the back of cooling inflation and the Federal Reserve’s reduction in the pace of interest rate hikes, which explains the 19% gain in the Nasdaq-100 index.
The stock market rally has rubbed off positively on shares of these two companies. Both stocks are trading at attractive valuations even after their impressive gains so far in 2023. Let’s see why these stocks are built for more upside.
This post originally appeared at The Motley Fool.