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June 7, 2021

Tech calms down, but still strong as the world goes digital

  • While 2020's sharp growth will likely not be repeated, tech stocks are poised for long-term growth well past the pandemic.
    AP Business Writer

    Technology company stocks are in rest mode this year, but what may seem like weakness as the economy recovers is really just dormancy.

    Digital devices, software and even cybersecurity will be the key areas for steady growth as consumers and businesses become more digital in how they operate, analysts say. The virus pandemic made that digital shift much sharper when people were forced to work, shop and stay entertained at home and that trend is only going to become more ingrained.

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