Just a few weeks ago, US technology stocks underperformed compared to cyclicals. Now a performance turnaround seems to be in the making after the crash in mid-February. In the meantime, the tech index Nasdaq has recovered.
A look back at similar index corrections from the past shows that an investment in tech stocks has paid off after a Nasdaq crash. After a 10% decline, the 100-day return has usually been positive and that since the great financial crisis of 2008.
The Nasdaq correction is therefore a good opportunity for investors who want to invest in technology. Find out more in our current conviction list:
Furthermore, the development offers interesting investment opportunities. The focus is on the following three US stocks in particular:
- Salesforce: the enterprise software developer offers one of the best long-term success stories in the software sector.
- Nvidia: Nvidia is a leading developer of graphics processors and related software. The use of artificial intelligence and deep learning offers interesting growth opportunities.
- AMD: higher demand for semi-conductor products such as microprocessors or chipsets makes AMD an interesting title for investors.
Below we present our indicative opportunity that may be of interest to investors:
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