Nasdaq Sell-Off: 1 Unstoppable Stock Down 39% to Buy on the Dip, According to Wall Street

The Nasdaq Composite (NASDAQINDEX: ^IXIC) represents almost every stock on the Nasdaq exchange. It had a dream run in the first half of 2024, gaining 20% with almost no volatility.

That changed in July, and the index is currently down 6.5% from its peak as investors digest weak economic data and a currency shock in Japan.

History shows the U.S. stock market climbs to new highs over the long term, so this dip could be a great buying opportunity. One stock that investors might want to consider is Datadog (NASDAQ: DDOG) for its unique role in the artificial intelligence (AI) revolution.

Source Fool.com