|Day's range||71.67 - 71.67|
The Nasdaq Composite fell into a bear market in late 2021, and it has yet to rebound. Last year, Jim Simons of Renaissance Technologies more than tripled his positions in Datadog (NASDAQ: DDOG) and Zscaler (NASDAQ: ZS). Meanwhile, Ron Baron of Bamco doubled his stake in Datadog, and Steven Cohen of Point72 Asset Management doubled his stake in Zscaler.
We have narrowed our search to five U.S.-based technology stocks with attractive valuations. These are: ABNB, OKTA, SPLK, MDB and ZS.
Among technology stocks, investors tend to gravitate to hot product stocks such as Apple or artificial intelligence stocks like Nvidia or C3.ai. Although security may lack the visceral appeal of other tech stocks, it plays a critical role in the tech environment. It also offers compelling opportunities in high-growth stocks, particularly with companies like Zscaler (NASDAQ: ZS).