The Nasdaq-100 Technology Sector index showed signs of a turnaround last week after a torrid time so far this year, but the index is still down 15% in 2022.
The broader recovery in tech stocks has also led to a rally in shares of Nvidia (NASDAQ: NVDA) and Roblox (NYSE: RBLX) -- two companies that have borne the brunt of the tech sell-off in 2022.
Savvy investors, however, still have an opportunity to buy these companies at relatively cheaper valuations. That's because Nvidia is still down 13% in 2022, while Roblox has lost half its value. A closer look at their businesses will indicate that Nvidia and Roblox are worth buying and holding on to for a long time to come, as they're playing critical roles in shaping the future of technology.
For further details see:
Tech Sell-Off: 2 Top Stocks to Buy and Never Sell