Nasdaq Sell-Off: 2 Solid Artificial Intelligence (AI) Stocks to Buy Hand Over Fist Before They Soar 70% to 85%, According to Wall Street
Technology stocks have taken a big beating in recent months as the Trump administration's policies have led investors to press the panic button amid concerns that the tariff-fueled global trade war could hurt the U.S. economy and may even send it into a recession.Investors have become risk-averse, which explains why high-flying tech stocks that were benefiting big time from the rapid adoption of cloud computing and artificial intelligence (AI) have pulled back substantially. The tech-heavy Nasdaq Composite index, which hit its most recent high on Dec. 16 last year, has shed nearly 23% of its value since then and now trades in bear territory.Tech investors got another big shock on April 3 as the Nasdaq Composite fell 6% in a single day in the wake of the wide-ranging tariffs announced by the Trump administration. That's not surprising as the trade war is expected to escalate manufacturing costs for tech companies with overseas supply chains. All this negativity explains why tech companies saw big sell-offs despite robust growth in recent quarters.Continue reading
Technology stocks have taken a big beating in recent months as the Trump administration's policies have led investors to press the panic button amid concerns that the tariff-fueled global trade war could hurt the U.S. economy and may even send it into a recession.
Investors have become risk-averse, which explains why high-flying tech stocks that were benefiting big time from the rapid adoption of cloud computing and artificial intelligence (AI) have pulled back substantially. The tech-heavy Nasdaq Composite index, which hit its most recent high on Dec. 16 last year, has shed nearly 23% of its value since then and now trades in bear territory.
Tech investors got another big shock on April 3 as the Nasdaq Composite fell 6% in a single day in the wake of the wide-ranging tariffs announced by the Trump administration. That's not surprising as the trade war is expected to escalate manufacturing costs for tech companies with overseas supply chains. All this negativity explains why tech companies saw big sell-offs despite robust growth in recent quarters.
