5 Top AI Stocks I'm Buying on the Dip
Artificial intelligence (AI) stocks took a rare tumble last week, hit by a perfect storm of market pressures. Alarming inflation data, mounting geopolitical tensions, and growing concerns about valuation levels all contributed to the sell-off.The Consumer Price Index (CPI), which tracks the average price changes of common goods and services that Americans buy, showed prices rising 0.5% from December, the fastest monthly increase since August 2023, pushing the annual inflation rate to 3%. This unexpected jump in inflation rattled markets across the board last week. Add in escalating global tensions and questions about whether AI stocks have run too far, too fast, and you have a recipe for market jitters. Image source: Getty Images.Continue reading
Artificial intelligence (AI) stocks took a rare tumble last week, hit by a perfect storm of market pressures. Alarming inflation data, mounting geopolitical tensions, and growing concerns about valuation levels all contributed to the sell-off.
The Consumer Price Index (CPI), which tracks the average price changes of common goods and services that Americans buy, showed prices rising 0.5% from December, the fastest monthly increase since August 2023, pushing the annual inflation rate to 3%. This unexpected jump in inflation rattled markets across the board last week. Add in escalating global tensions and questions about whether AI stocks have run too far, too fast, and you have a recipe for market jitters.
Image source: Getty Images.
