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Beyond the Correction: 1 Artificial Intelligence (AI) Stock With Long-Term Growth Potential
The Nasdaq Composite index hit its most recent high on Dec. 16, 2024, but the tech-laden index has turned in a forgettable performance so far this year. The result is largely due to the rising economic uncertainty in the U.S. thanks to the new administration's policies.As it turns out, the index is down over 14% from its December high as of this writing. This puts the Nasdaq Composite in correction territory. A stock market correction happens when a major index declines in the range of 10% to 20%. There is a chance that this correction could continue thanks to the rising probability of a recession in the U.S. and a reduction in the economic growth forecast for the year.It won't be surprising to see top artificial intelligence (AI) stocks dropping further following their recent pullbacks. AI stocks have taken a beating of late as investors have been looking to book profits amid the rising economic uncertainty. That's not surprising as companies benefiting from the proliferation of this technology witnessed a remarkable jump in their share prices over the past couple of years.Continue reading
The Nasdaq Composite index hit its most recent high on Dec. 16, 2024, but the tech-laden index has turned in a forgettable performance so far this year. The result is largely due to the rising economic uncertainty in the U.S. thanks to the new administration's policies.
As it turns out, the index is down over 14% from its December high as of this writing. This puts the Nasdaq Composite in correction territory. A stock market correction happens when a major index declines in the range of 10% to 20%. There is a chance that this correction could continue thanks to the rising probability of a recession in the U.S. and a reduction in the economic growth forecast for the year.
It won't be surprising to see top artificial intelligence (AI) stocks dropping further following their recent pullbacks. AI stocks have taken a beating of late as investors have been looking to book profits amid the rising economic uncertainty. That's not surprising as companies benefiting from the proliferation of this technology witnessed a remarkable jump in their share prices over the past couple of years.
