Nasdaq Sell-Off: 3 No-Brainer Artificial Intelligence (AI) Stocks You'll Regret Not Buying on the Dip
The current stock market downturn is providing some compelling opportunities for astute investors.
After running hard for more than two years, the current bull market is finally taking a well-deserved breather. The Nasdaq Composite has slipped into correction territory, defined as a decline of 10% or more from a recent peak. While it can be unsettling to watch the value of our investing accounts slump, savvy investors will recognize the opportunity that the current downturn represents. We don't yet know if the market has further to fall, but investors with the appropriate long-term outlook and the intention to hold for the coming five to 10 years have the chance to pick up quality businesses at discounted prices.
One of the biggest secular tailwinds right now is the rampant adoption of artificial intelligence (AI). While estimates abound, AI could contribute as much as $15.7 trillion to the global economy by 2030, according to accounting firm PricewaterhouseCoopers (PwC).
Given the magnitude of the opportunity, seasoned investors should consider viewing the current downturn as a chance to pick up some of the biggest names in AI at a discount.
