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Furthermore, the tech industry is expected to grow in the near future due to the increasing applications of smart technology solutions across several industries. Wedbush analyst Dan Ives said, “We continue to believe this pressure on the tech sector is short-lived with our belief that tech stocks will be up 10% into year-end as the tech growth stories are being massively underestimated by the Street with 3Q earnings a major positive catalyst for the tech sector.”
Against this backdrop, we think the shares of quality tech companies Analog Devices, Inc. (ADI), VMware Inc. (VMW), and Synopsys Inc . (SNPS) could be solid additions to one’s portfolio.
