3 Stocks Outside of Nvidia to Buy Amid the Tech Sell-Off

The Tech Sell-Off

The tech sector has been one of the hardest hit by the recent market sell-off. As of March 8, 2023, the Nasdaq Composite Index had fallen by more than 20% from its peak in November 2021. Several factors have contributed to the sell-off, including rising interest rates, concerns about inflation, and the war in Ukraine.

Nvidia

One of the hardest-hit stocks in the tech sector has been Nvidia (NVDA). The company's stock price has fallen by more than 50% from its peak in November 2021. The sell-off has been driven by concerns about the company's dependence on the gaming market, which is expected to slow down in the coming years.

3 Stocks to Buy

While Nvidia may be a risky investment at the moment, there are other stocks in the tech sector that are worth considering. Here are three stocks that could benefit from the recent sell-off:

1. Advanced Micro Devices (AMD)

• AMD is a semiconductor company that competes with Nvidia in the graphics card market.
• AMD's stock price has fallen by less than Nvidia's stock price during the recent sell-off.
• AMD is expected to benefit from the growing demand for semiconductors in the coming years.

2. Qualcomm (QCOM)

• Qualcomm is a semiconductor company that supplies chips for mobile devices.
• Qualcomm's stock price has fallen by less than Nvidia's stock price during the recent sell-off.
• Qualcomm is expected to benefit from the growing demand for mobile devices in the coming years.

3. Broadcom (AVGO)

• Broadcom is a semiconductor company that supplies chips for a variety of applications, including networking and data centers.
• Broadcom's stock price has fallen by less than Nvidia's stock price during the recent sell-off.
• Broadcom is expected to benefit from the growing demand for semiconductors in the coming years.

It's important to note that all investing involves risk. The stocks discussed in this article could continue to decline in value. However, these stocks are all well-positioned to benefit from the long-term growth of the tech sector.