- Investors haven’t missed out on the tech sector’s outperformance just yet, says Morningstar.
- The firm explained why, despite a looming downturn, long-term tailwinds should still sustain tech.
- Morningstar analysts also shared 10 tech stock picks with wide moats that are cheap today.
After an absolutely brutal 2022, it would appear that the technology sector has regained its footing as the equity market leader.
The recent rise of artificial intelligence has propelled technology stocks — particularly mega-caps — nearly back to their record highs. According to Fidelity, the sector is up nearly 28% year to date.
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