Many high-growth tech stocks have seen price pullbacks over the past few months, due to concerns about higher bond yields, inflation, and decelerating growth for companies that benefited from the pandemic.
That sell-off created some buying opportunities — but some of the sector’s pricier names merely pulled back slightly, held onto their gains, or even rallied. That relative strength is admirable, but it’s a bit frustrating for investors who don’t want to pay the wrong price for the right company.