Tech Sell-Off: 1 Artificial Intelligence (AI) Stock Down 26% to Buy Now and Hold for 6 Years
The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It's coming off a barnstorming two-year run, returning 53.8% during 2023 and a further 24.8% in 2024, but it's currently approaching correction territory with a drop of 9% from its record high. Market downturns can be unsettling, but they are a normal part of investing. In fact, history shows they produce the best buying opportunities, because U.S. stock indexes like the Nasdaq-100 have always climbed to new highs over the long term.With that in mind, this might be a great time to buy CrowdStrike Holdings (NASDAQ: CRWD) stock, which is down 26% from its record high. The cybersecurity giant just delivered a record set of financial results for its fiscal 2025 (which ended Jan. 31), and management reiterated its goal to more than double revenue over the next six years.Continue reading
The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It's coming off a barnstorming two-year run, returning 53.8% during 2023 and a further 24.8% in 2024, but it's currently approaching correction territory with a drop of 9% from its record high.
Market downturns can be unsettling, but they are a normal part of investing. In fact, history shows they produce the best buying opportunities, because U.S. stock indexes like the Nasdaq-100 have always climbed to new highs over the long term.
With that in mind, this might be a great time to buy CrowdStrike Holdings (NASDAQ: CRWD) stock, which is down 26% from its record high. The cybersecurity giant just delivered a record set of financial results for its fiscal 2025 (which ended Jan. 31), and management reiterated its goal to more than double revenue over the next six years.
