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But while certain higher-priced technology stocks have experienced the most losses, some are still advancing on investors’ optimism over the industry’s bright long-term prospects.
Continued digitization and rising demand for advanced technologies from almost all industries should keep driving growth in the tech space. Amid current market volatility, we think it is wise to invest in fundamentally-sound technology stocks Motorola Solutions, Inc. (MSI) and NortonLifeLock Inc. (NLOK), which have recently hit their 52-week highs.
