S&P 500 Correction: 1 Incredible AI Stock That I'm Buying Now and Holding Forever
With the S&P 500 (SNPINDEX: ^GSPC) closing 10% below its all-time high, it's now in correction territory. While nobody likes seeing their holdings decline by 10% or more, corrections occur about every year, so nobody should be surprised when they happen. However, the market has always recovered to a new high after every correction in history, so it's safe to say that investors should view this pullback as a buying opportunity.One stock that I'm loading up on as the market declines is Taiwan Semiconductor (NYSE: TSM). It's one of my top artificial intelligence (AI) picks and has many tailwinds blowing in its favor. It's a stock that I plan on holding on to forever (unless something drastic changes). At this writing, it's down even more than the broader market, with shares down around 25%. I think now is an excellent time to scoop up this long-term winner, as it could provide massive gains over time to investors who are patient with it.Continue reading
With the S&P 500 (SNPINDEX: ^GSPC) closing 10% below its all-time high, it's now in correction territory. While nobody likes seeing their holdings decline by 10% or more, corrections occur about every year, so nobody should be surprised when they happen. However, the market has always recovered to a new high after every correction in history, so it's safe to say that investors should view this pullback as a buying opportunity.
One stock that I'm loading up on as the market declines is Taiwan Semiconductor (NYSE: TSM). It's one of my top artificial intelligence (AI) picks and has many tailwinds blowing in its favor. It's a stock that I plan on holding on to forever (unless something drastic changes). At this writing, it's down even more than the broader market, with shares down around 25%.
I think now is an excellent time to scoop up this long-term winner, as it could provide massive gains over time to investors who are patient with it.
