Tech companies like Tesla, Meta, and Google present chances, according to Neuberger Berman.

According to senior research analyst Daniel Flax at Neuberger Berman, there are various chances in the technology industry at the moment, including Tesla (NASDAQ:TSLA).

Speaking to CNBC, Flax stated that despite being affected by "cyclical forces" that will continue to produce challenges in the near future, Elon Musk's EV manufacturer might see tremendous upside.

"The fact that Tesla is a pioneer in electrical vehicles, in my opinion, is the bigger issue here. Additionally, their business model makes it possible to supply novel services like self-driving cars, which I find to be quite effective "He disputed. "At present prices, I would buy Tesla."

Looking at other companies in the technology space, Flax said that he is optimistic about Meta (NASDAQ:META) and Google (NASDAQ:GOOG) (NASDAQ:GOOGL), noting that both are crucial platforms for helping advertisers connect with consumers, but he said he prefers GOOGL. The analyst also mentioned chances with Motorola Solutions, Qualcomm, and Nvidia (NVDA) (MSI).

Flax furthermore counselled investors to stick onto any shares they may own in organisations like Apple (AAPL) and Microsoft (MSFT). He predicts that the stock market will "reaccelerate" this year and into 2024 and 2025, despite the possibility of additional short-term setbacks.

Technology stocks cited above: TSLA +7.8%, AAPL +2.5%, META +1.3%, GOOG +2.7%, NVDA +7%, QCOM +2.6%, and MSI +1.1% intraday moves.

The broad market index SPY (SPY) and S&P 500 (SP500) both increased 1.3% on Monday, while the Nasdaq Composite (COMP.IND) increased by 2% and the Dow Jones (DJI) increased by 0.8%.