These 3 Artificial Intelligence (AI) Chip Stocks Tumbled During the Nasdaq Sell-Off, Losing $1.16 Trillion in Market Cap. Here's the 1 Worth Buying Right Now.
The fears driving the market lower won't have as big of a long-term impact on this chipmaker.
It's been a long time since investors have had to face the reality that stock prices can, indeed, decline. You have to go back all the way to Oct. 2023 to find the last time one of the major stock indexes fell more than 10% from its all-time high, marking what's known as a correction.
Sometimes those corrections are slow and gradual, as in 2023, and other times the losses come much more swiftly -- as they did recently. From Feb. 19 through Mar. 10, the Nasdaq Composite dropped nearly 13%.
The sell-off was fueled by President Donald Trump's trade policies and fears that he would enact additional tariffs on Taiwan, a key supplier of chips used in AI data centers. As a result, some of the biggest movers were the artificial intelligence stocks that pushed the Nasdaq to new all-time highs in February.
