While the tech industry is under pressure due to the macroeconomic challenges, its long-term prospects look bright.
According to the most recent Gartner, Inc. prediction, global IT spending would hit $4.6 trillion in 2023, a 5.5% rise from 2022.
Investors’ interest in tech stocks is evident from the Technology Select Sector SPDR ETF’s (XLK) 12.7% returns over the past three months and 19.3% over the past six months.
So, investors could look to buy these three fundamentally solid tech stocks…
This post originally appeared at StockNews.com.