Nasdaq Correction: 2 AI Stocks Down 26% and 46% to Buy Before They Soar, According to Wall Street
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is currently in market correction territory, meaning the index is more than 10% below its recent bull-market high. However, most Wall Street analysts see the decline as a good opportunity to buy shares of Nvidia (NASDAQ: NVDA) and AppLovin (NASDAQ: APP).Here's what investors should know about Nvidia and AppLovin.Nvidia's invention of the GPU in 1999 revolutionized computer graphics, but those chips have since become the industry standard in accelerating complex data center workloads like artificial intelligence (AI). Nvidia has as much as 95% market share in AI accelerators, and analysts generally expect the company to maintain its dominance through the decade.Continue reading
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is currently in market correction territory, meaning the index is more than 10% below its recent bull-market high. However, most Wall Street analysts see the decline as a good opportunity to buy shares of Nvidia (NASDAQ: NVDA) and AppLovin (NASDAQ: APP).
Here's what investors should know about Nvidia and AppLovin.
Nvidia's invention of the GPU in 1999 revolutionized computer graphics, but those chips have since become the industry standard in accelerating complex data center workloads like artificial intelligence (AI). Nvidia has as much as 95% market share in AI accelerators, and analysts generally expect the company to maintain its dominance through the decade.
