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12 Promising Tech Stocks - Barron's

Based on historical valuations, they may seem cheap, but noone really knows how this global downturn will hurt consumer spendings. If say there are 100 buyers of apple iphone per month in the past, there may only be 50 a month in the next 2 years. So yes if this happens, means at current prices, P/E of these tech stocks are double of what it is in the next 2 years. Tech stocks are still overvalued if this happens.