Bear markets are painful. That’s particularly true for owners of tech stocks, which often endure brutal declines during market downturns.
Tech investors have suffered one of the worst declines in history in 2022. The Nasdaq 100 index, which includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, is down more than 30% year-to-date. Violent crashes of this nature typically occur just once a decade.
The silver lining? Steep market declines tend to serve up spectacular profit opportunities for long-term investors. And today, you have one such chance to buy shares of two outstanding businesses at steeply discounted prices.
The semiconductor industry is prone to booms and busts. Advanced Micro Devices (AMD 1.03%) has weathered these economic storms before, and it’s doing a solid job of navigating the current market downturn.
Persistently high inflation and the…