Waning 'tech wreck' is a buying opportunity for investors

Mark Battersby
clock • 2 min read

Tech stocks have been radically beaten-up in recent months as interest rates are hiked, but savvy investors are now starting to increase exposure to this currently out-of-favour sector, according to Nigel Green, chief executive and founder of deVere Group. The tech-heavy Nasdaq 100 futures rose ahead of the open on Monday, as major indexes snapped long weekly losing streaks on Friday. Green said: "The tech-heavy Nasdaq has shed almost 27% of its value so far in 2022.  And earlier this month - as the U.S. Federal Reserve, the central bank of the world's largest economy, raised interest...

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