The S&P 500 (SNPINDEX: ^GSPC) hit a record high earlier this year, certifying the bull market that began when the index bottomed out in October 2022. But it's currently in the midst of a modest sell-off, which started at the end of March, as investors navigate headwinds relating to inflation and interest rates.

History suggests the S&P 500 always climbs to new highs given enough time, and considering the index is just 1.3% below its recent record close as of this writing, it looks like a typical bull market pullback. That offers investors an opportunity to buy stocks at a discount, particularly those in red-hot sectors like artificial intelligence (AI) that have ripped higher over the past year.

Predicting which AI stocks will be the best performers over the long term is a challenge for even the most seasoned analysts on Wall Street, given the pace with which the industry is moving. Luckily for investors, there's a simple solution.

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Source Fool.com