2 Glorious Growth Stocks to Buy During the Latest Tech Sell-Off
These two companies couldn't be more different, yet both could deliver significant returns for investors.
2 Glorious Growth Stocks to Buy During the Latest Tech Sell-Off
Overview
The Nasdaq Composite (NASDAQINDEX: ^IXIC) index is down 7.5% from its recent all-time high as I write this, led by sharp declines in many of the semiconductor stocks at the center of the artificial intelligence (AI) revolution. Investors are worried about the sustainability of the AI infrastructure spending boom, but this might be creating an opportunity for investors.
Meta Platforms (NASDAQ: META) is a major buyer of AI chips, but Wall Street might welcome a spending slowdown (if one were to eventuate), because it would allow the company to retain more of the substantial cash flow from its social media advertising business. Then there's Lemonade (NYSE: LMND), which is having incredible success in transforming the insurance industry using AI.
Details
These two stocks trade at attractive valuations right now, so here's why they might be great long-term buys during the latest bout of tech market volatility.
Source
Originally published at www.fool.com.
