AI Stock Sell-Off: 3 Tech Stocks to Buy Now
Just a few weeks after the Nasdaq Composite reached a new record high, tech investors are suddenly singing a different tune. The tech-heavy index is now down more than 8% from its peak on a combination of concerns that valuations are stretched after the earlier surge, doubts about the near-term monetization of AI, and a rotation to small-cap stocks, which have underperformed, in anticipation of interest rate cuts from the Fed.
Despite the sell-off, many of the AI stocks that have reported quarterly results thus far this earnings season have delivered solid numbers even though market sentiment seems to be shifting against them. On that note, let's take a look at three AI stocks worth buying as prices come down.
Image source: Getty Images.
Source Fool.com