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Tech Sell-Off: 1 Spectacular Artificial Intelligence (AI) Stock Down 46% You Might Wish You Had Bought on the Dip
The stock market has been in the middle of a sell-off, and the technology industry is bearing the brunt of the downside. At the time of this writing, the tech-heavy Nasdaq Composite was down 11% from its all-time high, whereas the more diversified S&P 500 index has declined by 7%.Throughout history, the U.S. stock market has always climbed to new highs over time, which means corrections can be fantastic buying opportunities. Investors looking for an artificial intelligence (AI) stock at a discount might want to consider Elastic N.V. (NYSE: ESTC). It trades at an attractive valuation, especially in light of the company's strong financial results of late.Elastic stock is down from its 2025 peak, and it's still trading 46% below its record high, which was set during the tech frenzy in 2021. Here's why investors might wish they had bought the dip when they look back on this moment in a few years' time.Continue reading
The stock market has been in the middle of a sell-off, and the technology industry is bearing the brunt of the downside. At the time of this writing, the tech-heavy Nasdaq Composite was down 11% from its all-time high, whereas the more diversified S&P 500 index has declined by 7%.
Throughout history, the U.S. stock market has always climbed to new highs over time, which means corrections can be fantastic buying opportunities. Investors looking for an artificial intelligence (AI) stock at a discount might want to consider Elastic N.V. (NYSE: ESTC). It trades at an attractive valuation, especially in light of the company's strong financial results of late.
Elastic stock is down from its 2025 peak, and it's still trading 46% below its record high, which was set during the tech frenzy in 2021. Here's why investors might wish they had bought the dip when they look back on this moment in a few years' time.
