some technology stocks can still thrive in a rising rate environment two traders say the federal reserve said wednesday that it would accelerate the taper of its bond purchases in its latest attempt to mitigate higher inflation forecasting as many as three interest rate hikes in 2022 though highgrowth tech stocks tend to underperform when rates are rising a few might surprise to the upside in the months ahead simpler tradings danielle shay told cnbcs trading nation on wednesday im primarily focusing on microsoft and amd the firms director of options said adding that both have shown consistent quarteroverquarter and yearoveryear growth regardless of the market environment they can be a little bit volatile especially amd when the market pulls back but in the long run we really see buyers come into these names especially at key technical levels such as their 50day moving averages near where the stocks are currently trading shay said i think theyre leaders in the field theyre strong companies and its a great place to buy them right now the snapback rally following the fed meeting came as no surprise to joule financial chief investment officer quint tatro he said in the same interview for an endofyear trade he suggested the ark innovation etf arkk cathie woods popular disruptive techfocused fund its absolutely been demolished and i think that theres a very good price level off of tuesdays lows that you can actually trade against into the end of the year for a pretty decent santa rally tatro said he acknowledged that arkk would likely struggle in 2022 but said its 235 yeartodate decline sets it up for a bounce into the end of this year intel is a beatenup stodgy tech name  with an incredible balance sheet trading 13 times next years earnings he said what we like most is that theyre going to unlock the mobileye value through an ipo so theyre going to really sort of shore up some even additional capital through that and i think that theyre positioned well as we come out of this sort of semiconductor issue to really see the wind at their back disclosure tatro and joule financial own shares of the ark innovation etf arkk and intel