Tech Sell-Off: 1 AI Growth Stock To Buy Right Now
The stock market is having a difficult end to 2021, led partly by renewed COVID-19 concerns and the Federal Reserve hinting that it could raise interest rates sooner than expected. High-growth technology stocks are bearing the brunt of this rout, with some staggering declines even after accounting for strong gains earlier in the year.
The tech-heavy ARK Innovation ETF, run by popular investor Cathie Wood, has fallen by more than 40% from its all-time high, and it's currently down 25% for 2021. By comparison, the S&P 500 index is still up 22% on the year, highlighting how badly some technology stocks are underperforming the broader market right now. But the tech sell-off presents some hot opportunities for investors to buy stocks at a discount. Artificial intelligence (AI) trailblazer C3.ai (NYSE: AI) just reported strong second-quarter earnings, and here's why it's a buy right now.
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Source Fool.com
