Nasdaq Correction: 1 Unstoppable Stock to Buy Before It Soars 600%, According to 1 Wall Street Analyst
Strong secular tailwinds and several sizable opportunities will continue behind the current market downdraft.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been riding high for more than two years now, as waning inflation, the prospect of lower interest rates, and the emergence of artificial intelligence (AI) helped fuel its impressive gains. In fact, since the bull market began in late 2022, the tech-centric index climbed as much as 95% before the recent market swoon.
Since its peak in December, however, the Nasdaq has dipped into correction territory, falling more than 10% from its recent high. While moves of that magnitude can be unnerving, they also provide astute investors with the opportunity to pick up quality stocks at a discounted price.
One such stock is Nvidia (NASDAQ: NVDA). The company has become the de facto poster child for the AI revolution, which pushed its stock to new heights, gaining as much as 965% in just over two years. However, fears about the pace of AI adoption, geopolitical concerns, and economic headwinds have weighed on Nvidia, which is down 28% from its peak (as of this writing).
