Technology Sector Ideas

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>>> Texas Instruments (TXN), Broadcom (AVGO), and Micron Technology (MU)


https://finance.yahoo.com/news/25-tech-stocks-buy-off-210149756.html


Cyclical stocks are prone to selloffs during market downturns. This is because demand for their products experiences a slowdown during recessions. Especially those in the semiconductor space are usually among the worst affected by recession fears. However, they rebound faster and offer a better entry point. Such stocks include Texas Instruments Incorporated (NASDAQ:TXN), Broadcomm Inc (NASDAQ:AVGO), and Micron Technology Inc (NASDAQ:MU).

The semiconductor business is the largest segment of these companies’ overall operations. While this sector has cooled down a lot, it still offers many opportunities going forward as it serves multiple end markets, including communications, industrial, automotive, computing, and the remarkably fast-growing cloud computing market. All of these areas have tremendous potential, and these stocks have fallen significantly in the past few months, making them excellent choices for tech stocks to buy.

Moreover, semiconductors are still in high demand, as evidenced by these companies’ robust sales growth. Another plus point is the CHIPS act aimed at boosting domestic semiconductor production. Thus, investors won’t mind paying a higher premium for these stocks once the economy inevitably starts turning its gears again.

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