As Tech Gets Hammered, This Stock Looks Attractive—Even in a Recession

Amid a devilish brew of rising rates, high inflation, and recession fears, the tech sector offers few hiding places for investors.

The market is shunning the high-growth, profitless software stocks that drove the sector higher during the pandemic. Consumer-facing e-commerce and hardware stocks are sagging, plagued by weakening demand; social media plays are taking a beating as ad buyers retrench; and supply-chain issues are hitting chip stocks. Almost every tech stock is down for the year, with dozens off more than 50%.