TECH STOCS RECEDE: Buying Plays Amid Nasdaq Correction
Nvidia's earnings report was a mixed bag, with estimates beat but broader fears about AI and consumer demand prevailing. The resulting sell-off has dropped the Nasdaq to its lowest level since before the election, sparking concerns of a correction. A downturn in tech stocks like Nvidia presents an opportunity to buy proven winners at a discount.
- Tech companies that have weathered economic storms, such as MercadoLibre and Axon Enterprise, are well-positioned to ride out the current downturn.
- Will the shift towards more resilient tech companies lead to a reevaluation of traditional growth metrics, or will investors continue to prioritize short-term revenue growth over long-term stability?