1 No-Brainer Artificial Intelligence (AI) Stock to Buy Following the Nasdaq's Recent Drop
The Nasdaq Composite index has been in impressive form over the past year with gains of more than 18% thanks to the healthy rally in technology stocks that have benefited from catalysts such as artificial intelligence (AI), but the index has witnessed a pullback of late.
The Nasdaq Composite index is down over 10% in the past month as the market seems to be having doubts about AI's ability to drive substantial growth for big tech companies. (NASDAQ: GOOG) (NASDAQ: GOOGL) is a casualty of this sell-off; its shares are trading down 12.5% since July 23 when it posted results that comfortably exceeded Wall Street's expectations.
This could be an opportunity for investors to buy a top AI stock at an attractive valuation. Let's look at the reasons why.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 10.4% for Alphabet Inc. C compared to the current price of 149.46 €.
