2 Top AI Stocks to Buy in the Nasdaq Correction
Artificial intelligence (AI) stocks have roared higher over the past couple of years as investors piled in, aiming to invest early in the next big game-changing technology. Through AI, companies may become more efficient and develop exciting new products faster -- and all of this could mean a major earnings boost over time. Some players already are generating significant revenue from this technology, from chip designers to cloud service providers, and investment in the area remains strong.Yet in recent weeks, AI stocks have stumbled, leading declines in the three major indexes. On Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) entered correction territory, marking a 10% decline from its peak on Dec. 16. This is amid investors' concerns that certain U.S. policy decisions and tariffs on imports from China, Canada, and Mexico may weigh on economic growth -- and even directly on earnings of companies that produce their goods outside the U.S.Though we could see some pressure in these areas now, it's important to think long-term when investing. Strong companies have a track record of overcoming short-term challenges and going on to win over time. So, with that in mind, let's check out two top AI stocks to buy in the Nasdaq correction.Continue reading
Artificial intelligence (AI) stocks have roared higher over the past couple of years as investors piled in, aiming to invest early in the next big game-changing technology. Through AI, companies may become more efficient and develop exciting new products faster -- and all of this could mean a major earnings boost over time. Some players already are generating significant revenue from this technology, from chip designers to cloud service providers, and investment in the area remains strong.
Yet in recent weeks, AI stocks have stumbled, leading declines in the three major indexes. On Thursday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) entered correction territory, marking a 10% decline from its peak on Dec. 16. This is amid investors' concerns that certain U.S. policy decisions and tariffs on imports from China, Canada, and Mexico may weigh on economic growth -- and even directly on earnings of companies that produce their goods outside the U.S.
Though we could see some pressure in these areas now, it's important to think long-term when investing. Strong companies have a track record of overcoming short-term challenges and going on to win over time. So, with that in mind, let's check out two top AI stocks to buy in the Nasdaq correction.
