Worried About Inflation? Buy These 3 Tech Stocks
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- AMZN
- CRM
- PANW
Inflation, which hit a 31-year high in the U.S. last month, is causing major growing pains for tech stocks. In addition to causing component and labor costs to rise, rising inflation also reduces the value of a company's long-term growth in revenue, free cash flow, and earnings. Let's take a look at three dependable tech stocks that should remain resilient in an inflationary environment.