- High Growth tech names have depreciated sharply since the start of the sector rotation in mid-February.
- Most names have lost more than 20% as investors have fled the space-supposedly fearful of rising interest rates brought on by expectations of higher inflation.
- The flip side of this is that companies in the space have seen a noticeable increase in percentage growth that shows no signs of abating.
- The concept and implementation of digital transformation is a powerful and long-lived tailwind behind the rapid growth of leading IT companies.
- The combined result of lower share prices and faster percentage growth in both revenues and free cash flow margins has yielded the lowest valuation seen in more than a year-and probably in the last 18 months.
For further details see:
The Best Tech Stocks To Snag During A Dip