NASDAQ Correction: 2 AI Stocks That Aren't Worth Buying on the Dip
With the Nasdaq index in correction territory, many investors are trying to decide if it's a buying opportunity or if they should run for the hills. A correction is marked by an index declining 10% from its all-time high, which isn't quite as severe as a bear market. Additionally, stocks aren't necessarily a blanket buy or sell right now. Instead, I think there are certain ones that look like great bargains and others that still seem overvalued.Two stocks that I'm still not buying even after the sell-off are Apple (NASDAQ: AAPL) and Palantir Technologies (NASDAQ: PLTR). These are both incredibly popular stocks in the market, but I would need a further sell-off from them to consider buying, as they still have a very expensive price tag even after the drop.Apple is one of the most recognizable consumer brands in the world and built a strong ecosystem around its iPhones. However, Apple has struggled to launch a game-changing product over the past few years, and its sales have been flat since 2022.Continue reading
With the Nasdaq index in correction territory, many investors are trying to decide if it's a buying opportunity or if they should run for the hills. A correction is marked by an index declining 10% from its all-time high, which isn't quite as severe as a bear market. Additionally, stocks aren't necessarily a blanket buy or sell right now. Instead, I think there are certain ones that look like great bargains and others that still seem overvalued.
Two stocks that I'm still not buying even after the sell-off are Apple (NASDAQ: AAPL) and Palantir Technologies (NASDAQ: PLTR). These are both incredibly popular stocks in the market, but I would need a further sell-off from them to consider buying, as they still have a very expensive price tag even after the drop.
Apple is one of the most recognizable consumer brands in the world and built a strong ecosystem around its iPhones. However, Apple has struggled to launch a game-changing product over the past few years, and its sales have been flat since 2022.
