Tim Armstrong says he is bullish on tech stocks telling 'Cavuto: Coast to Coast' there is a lot of money on the sidelines waiting to enter the market.

Former AOL CEO Tim Armstrong said Monday that investors are poised to get a much better return on tech stocks than they would have one year ago, telling "Cavuto: Coast to Coast" he sees tremendous room for growth in both the online and offline e-commerce worlds.

TIM ARMSTRONG: Im really bullish. I think Stripe, the payments company, just came out with a report at the end of March saying that 15% of the commerce done in the world was online and 85% was still offline. So as much as demand has gotten pulled forward, in the pandemic, and the digital companies have really grown, I still think there's tremendous growth room left to happen both in the offline world and the online world. Even though the valuations have come back a little bit, I think over the next 24 months you will see a lot of the big moves getting made to have these companies securitize themselves for the future.

TOUGH TIME TO BE BULLISH ON TECH: INVESTMENT EXPERT

If you go back to the financial crisis, these companies left the financial crisis with $50 billion in cash. They now have about $500 billion in cash. So youre going to see aggressive strategies I think to move that offline experiences to even more online over time and thats a big opportunity. That is what were doing at Flowcode as well. I see it day-to-day in our business. Lets put it this way, I think its a lot less risky to buy stock today than it was a year ago even though people felt very comfortable buying tech companies a year ago. When you want to buy them is when theyre down and right now I think youre going to get a much better deal on the companies today than you would have a year ago.

WATCH FULL INTERVIEW HERE:

Former AOL CEO Tim Armstrong assesses Elon Musk's shattered Twitter deal and shares his outlook for the Big Tech industry.

See the article here:

Former AOL CEO bullish on technology stocks: 'A lot less risky' to buy today than a year ago - Fox Business