Nasdaq Correction: 3 No-Brainer Artificial Intelligence Stocks to Buy Right Now
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is in correction territory as investors have been dumping growth stocks amid concerns related to tariffs, trade wars, and a potential slowdown in the economy in the months ahead. Buying shares of companies at a time like this can be unnerving, but if you're committed to holding on for the long term, the moves you make today could pay significantly in the future.There's still lots of potential for companies involved in artificial intelligence (AI) to revolutionize many industries. And while some AI stocks may appear to be trading at inflated valuations these days, there are three stocks which could be no-brainer buys right now: Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), and Advanced Micro Devices (NASDAQ: AMD).Chipmaker Nvidia has become synonymous with AI in recent years as companies rely on its next-gen chips to create advanced AI models. It's coming off a tremendous year with the company reporting sales of $130.5 billion for the fiscal year ending Jan. 26. That's more than double the $60.9 billion it posted in the previous year. Continue reading
The Nasdaq Composite (NASDAQINDEX: ^IXIC) is in correction territory as investors have been dumping growth stocks amid concerns related to tariffs, trade wars, and a potential slowdown in the economy in the months ahead. Buying shares of companies at a time like this can be unnerving, but if you're committed to holding on for the long term, the moves you make today could pay significantly in the future.
There's still lots of potential for companies involved in artificial intelligence (AI) to revolutionize many industries. And while some AI stocks may appear to be trading at inflated valuations these days, there are three stocks which could be no-brainer buys right now: Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), and Advanced Micro Devices (NASDAQ: AMD).
Chipmaker Nvidia has become synonymous with AI in recent years as companies rely on its next-gen chips to create advanced AI models. It's coming off a tremendous year with the company reporting sales of $130.5 billion for the fiscal year ending Jan. 26. That's more than double the $60.9 billion it posted in the previous year.
