The ETF Store president suggests that megacap tech may be the best "quality" investment in an uncertain economy.

Even if interest rates remain high for an extended period, there may still be a case to invest in technology stocks.

Nate Geraci, President of The ETF Store, states that despite conventional wisdom suggesting high rates should penalize the group, investors continue to prefer the earnings growth provided by megacap tech stocks.

""Megacap tech is viewed as a quality play by investors because these companies have tangible earnings and cash on their balance sheets," he said on CNBC's "ETF Edge" on Monday."

The technology sector is currently the largest in the S&P 500, accounting for nearly 30% of the index. Its earnings growth rate is projected to be 23.7% in the first quarter, compared to 7.8% for the S&P overall, according to LSEG as of Tuesday.

Despite a potential U.S. economic slowdown, Geraci believes that top tech companies can maintain their dominant positions.

"In that situation, investors seek tangible, visible, and touchable earnings and cash flow."

Cathie Wood's Ark funds, particularly the flagship, have been among the most pressured tech names in recent months, with a 15% decline since the start of the year compared to a 9% gain in the S&P 500 during the same period.

FactSet reports that Ark Innovation's top three holdings are , and . Geraci advised that the growth-oriented group could be kept on the back burner with investors for a while.

""Investors are avoiding speculative bets due to unexpectedly hot inflation data, which causes them to reconsider making bets on companies with future earnings," he said."