The Fed’s aggressive rate hikes have led to a significant sell-off in technology stocks. Yet, the industry is well-positioned to benefit in the long run, thanks to continuous innovation and the demand for digital transformation across industries. Investors looking to invest in tech stocks could consider buying shares of Cisco Systems, Inc. (CSCO) and Extreme Networks, Inc. (EXTR).
However, considering the lingering macroeconomic headwinds, I think it is best to steer clear of fundamentally weak BlackBerry Limited (BB) now.
The IT sector is transforming with advanced technologies like artificial intelligence (AI). AI is transforming traditional IT operations, making them smarter, more time-efficient, and cost-effective. AI has proven to be a valuable tool in quality assurance, service management, and process automation, and AIOps provide a better and more productive approach to managing IT operations.
According to the International Data Corporation’s (IDC) Worldwide Artificial Intelligence Spending Guide, global spending on artificial intelligence (AI), which includes software, hardware, and services for AI-centric systems, will grow…
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