2 Glorious Growth Stocks Bucking the Recent Tech Sell-Off
The Nasdaq-100 index is sinking as investors trim their exposure to the high-flying artificial intelligence trade.
Overview
Over the last 30 days, the Nasdaq-100 technology index has declined by 3.6%, led by even steeper losses in artificial intelligence (AI) stocks like Broadcom and Micron Technology. However, some tech stocks with less exposure to the AI semiconductor industry have performed exceptionally well over the same stretch.
As of the market close on Friday, July 17, shares of Atlassian (NASDAQ: TEAM) and CrowdStrike (NASDAQ: CRWD) were sitting on one-month returns of 10.5% and 18.9%, respectively. Should investors buy these outperformers right now?
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.