Technology stocks mounted a significant rally in the first six weeks of the second half of this year. The Nasdaq rallied by 18% during that period, and it has been trending higher.
While there’s no guarantee that the upward trend is sustainable, I see opportunities for aggressive contrarian investors.
In particular, I’m bullish on the digital transformation space. MarketsandMarkets estimates that the digital transformation market was $521.5 billion in 2021 and that it could grow to $1.3 trillion by 2026.
This translates into major opportunities. To play this, investors might want to consider Thoughtworks Holding Inc (NASDAQ:TWKS).
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