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While the broader technology industry has been witnessing a slump lately, with investors shifting focus to cyclical stocks amid the economic recovery and avoiding expensive tech stocks on concerns over rising inflation, the rising demand for technology products and services should help the industry recover quickly. The demand for computer hardware is expected to increase in the coming quarters. That’s because the increasing use of advanced technologies, such as the internet of things (IoT) and artificial intelligence (AI), will require advanced computer hardware. According to the Business Research Company, the global hardware market is expected to grow at a 6% CAGR over the next four years. So, we think both DELL and LOGI should benefit from the industry tailwinds.
While LOGI has gained 115.1% over the past year, DELL has returned 108.3%. However, in terms of year-to-date performance, DELL is a clear winner with 40.3% returns versus LOGI’s 31.3%. But which of these two stocks is a better pick now? Let’s find out.