Stocks

3 Undervalued Tech Stocks Worth Considering Amid Market Turbulence

Published April 28, 2024

As the Nasdaq experiences a significant downturn, savvy investors are hunting for undervalued opportunities in the tech sector. The market's current volatility has resulted in many stocks being sold off, but for those willing to dig deeper, there are potential deals to be found. Among the array of choices, certain tech stock stand out thanks to their solid fundamentals and promising future prospects, which could lead them to recover faster than the market average once the sell-off subsides.

Spotlight on Airbnb, Inc. ABNB

ABNB, headquartered in San Francisco, California, is a key player in the travel and accommodation industry. Offering a platform for lodging and unique travel experiences, Airbnb, Inc. has revolutionized the way people think about accommodations for vacations and short-term stays. Despite the market downturn, ABNB's innovative business model and strong brand positioning make it a stock to watch for potential investors looking for growth in the rebounding travel sector.

Qualcomm's Market Position QCOM

With its base in San Diego, California, and known for its substantial IP portfolio, Qualcomm QCOM has been a dominant force in wireless technology and semiconductors. Essential to the evolution of 5G and other communication standards, QCOM is poised to gain as the world becomes increasingly connected and as wireless technology continues to advance. The stock's current valuation in the wake of the sell-off may entice investors who are eyeing positions in the foundational tech behind global connectivity.

investment, technology, value