What Selloff? These 3 Tech Stocks Still Look Strong

It hasn’t exactly been the best week for tech stocks, with some investors getting worried about AI and rotating out of the tech sector. This isn’t uncommon; this isn’t the first or last time this is going to happen, and it may be something you’re considering for your own portfolio. However, this doesn’t mean that you should write off all of tech right now. While some giants might be struggling, there are still great tech stock opportunities.

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Yet which ones? The Zen Ratings system will help sort it out. A-rated stocks have an average of a +32.52% average annual return. With that in mind, here are three A-rated tech stocks that are worth your consideration:

1. Micron Technologies (NASDAQ: MU)

MU has gained an astounding 80% since we added it to our Zen Investor portfolio. But don’t let that scare you off, because forecasts call for even more upside.

MU has been able to make the most of the AI boom and the increased demand for its memory and storage. It has been able to catapult its share price up 366.46% over the last 12 months, and is looking to expand its capacity.

And the growth is not necessarily over. It still has a Zen Rating of A, with solid financials and even a Component Grade of B for Value, Growth, Momentum, and Sentiment. While there are commentaries that investors should be cautious and questions about whether MU has hit its limit, the key indicators still look strong for the stock.

2. Littelfuse Inc (NASDAQ: LFUS)

While not in the news so much, LFUS, a circuit protection and power control product company operating nearly worldwide, is worth your attention regardless. A longstanding company (nearly reaching its 100th anniversary), LFUS has built a diverse customer base and a strong foundation to help ensure minor economic changes don’t significantly affect it.

It has had an excellent year, specifically taking off over the last few months. Why? Part of it may be the recent acquisition of Basier Electric, but it also had a strong earnings report released late last month. And there still may be safer room to grow for the company, given that it has a Component Grade of B for Growth, Safety, and Financials.

3. Knowles Corp (NYSE: KN)

Working primarily with radio and acoustic equipment, KN is the communication equipment stock that might not be getting all the headlines, but it doesn’t mean it shouldn’t get your attention. With a Component Grade of B for Growth, Sentiment, and Financials, it may serve as a tech growth alternative to some stocks falling out of favor in your portfolio.

Investors will want to review the response to the fourth-quarter results, what demand will look like in an uncertain economy, and how KN will work to diversify its customer base in the coming months and years.

Want to keep on top of these tech stocks, the ones you might be worried about, and any others you might think of? Then WallStreetZen Premium is for you. With it, you’ll gain access to an unlimited watchlist, all the fundamental information you might need to make key portfolio decisions, access to premium stock ideas pages, and more.

Though it can be a lot to keep track of everything in your portfolio regularly. If you’re looking for a more guided approach, then Zen Investor is a great option. You’ll receive regular commentary from our own Steve Reitmeister, and additionally, you’ll gain access to our model portfolio, with stocks hand-selected with Reitmeister’s 40+ years of investing experience and the Zen Ratings system.

What to Do Next?

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