S&P 500 Sell-Off: 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $1,000 Right Now
The S 500 had a dream run in the first half of this year, surging 15% with almost no volatility. But it has declined by 5.7% since peaking in July as investors digest weak economic data combined with a currency shock in the Japanese yen.
History suggests the S&P 500 always climbs to new highs given enough time, so this correction is likely a buying opportunity. In fact, this might be a great chance for investors to buy artificial intelligence (AI) stocks at a discount, ahead of what could be significant long-term growth.
According to many Wall Street forecasts, AI could add trillions of dollars to the global economy in the coming decade, with contributions from both hardware and software companies. Here's why investors with $1,000 to spare might want to split it equally between shares of Advanced Micro Devices (NASDAQ: AMD) and Lemonade (NYSE: LMND) right now.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 84 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 29.86% for Advanced Micro Devices Inc. compared to the current price of 134.76 €.
