The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.



The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.



Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.



<h3>Fabrinet (NYSE:FN)</h3>



<ul>
<li>On May 4, Fabrinet reported quarterly earnings of $3.72 per share, which beat the consensus estimate of $3.56 by 4.49%, according to Benzinga Pro data. CEO Seamus Grady said, &#34;Our third quarter was exceptionally strong, delivering record financial results that exceeded our guidance ranges. Growth was supported by numerous ongoing and ramping programs that continue to provide meaningful tailwinds.&#34; The company’s stock fell around 25% over the past month and has a 52-week low of $272.49.</li>



<li>RSI Value: 29.6</li>



<li>FN Price Action: Shares of Fabrinet fell 6.4% to close at $468.48 on Tuesday.</li>



<li>Edge Stock Ratings: 67.40 Momentum score with Value at 51.37.</li>
</ul>



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<h3>Dolby Laboratories Inc (NYSE:DLB)      </h3>



<ul>
<li>On April 30, Dolby Laboratories reported second-quarter financial results and cut its FY26 GAAP EPS guidance. “We continue to strengthen our position and create growth opportunities across existing and new business areas,” said Kevin Yeaman, President and CEO, Dolby Laboratories. The company’s stock fell around 9% over the past month and has a 52-week low of $48.66.</li>



<li>RSI Value: 28.3</li>



<li>DLB Price Action: Shares of Dolby fell 1.5% to close at $49.31 on Tuesday.</li>



<li>Benzinga Pro’s charting tool helped identify the trend in DLB stock.</li>
</ul>



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<h3>Oracle Corp (NYSE:ORCL)</h3>



<ul>
<li>On June 10, Oracle posted better-than-expected results for the fourth quarter. Also, the company announced it expects to raise approximately $40 billion through a combination of debt and equity financing. &#34;The large increases in Oracle’s RPO and revenue are driven by the growing demand for cloud infrastructure for AI training and inferencing,&#34; the company said. The company’s stock fell around 33% over the past month and has a 52-week low of $134.57.</li>



<li>RSI Value: 27.7</li>



<li>ORCL Price Action: Shares of Oracle fell 1.5% to close at $141.60 on Tuesday.</li>



<li>Benzinga Pro’s signals feature notified of a potential breakout in ORCL shares.</li>
</ul>



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Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.



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The article identifies three oversold IT stocks with RSI values below 30 as potential bargains for July: Fabrinet (FN), Dolby Laboratories (DLB), and Oracle Corp (ORCL). Despite recent price declines, these companies reported mixed earnings results. Oracle plans to raise $40 billion via debt and equity financing to support AI cloud infrastructure demand. The analysis suggests these undervalued assets may offer short-term trading opportunities based on momentum indicators.

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