Last month’s softer-than-expected inflation data has evoked investors’ hope and reinforced a possibility of a soft-landing scenario. Amid improving market sentiments, let us explore if these three top-rated tech stocks, Box, Inc. (BOX), NetScout Systems, Inc. (NTCT), and GigaCloud Technology, Inc. (GCT), could be solid buys for August.
After facing the brunt of the Federal Reserve’s aggressive rate hikes last year, the tech industry made a massive comeback in the first half of 2023. The tech-heavy Nasdaq has gained 43.7% year-to-date. Despite the market tantrums, tech stocks rebounded strongly this year, driven by the boom in artificial intelligence.
