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Nasdaq Correction: 2 FAANG Stocks To Buy Like They're Going Out of Style

TheMotleyFool

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Nasdaq Correction: 2 FAANG Stocks To Buy Like They're Going Out of Style: https://g.foolcdn.com/editorial/images/752617/bear-market-stocks-down-loss-chart.jpg

Just a few months ago, it looked like the Nasdaq Composite was heading for a new bull market.

Tech stocks soared through the first half of the year on enthusiasm for artificial intelligence (AI) and as investors capitalized on the 2022 crash in tech stocks, leading to some rock-bottom valuations in big names.

Fast forward to October and tech stocks are slumping again on concerns about rising interest rates, a possible recession, and signs that the AI boom may be overhyped. As a result, the Nasdaq has sunk into a correction, defined as a decline of 10% from a previous peak.

Source Fool.com

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