Nasdaq Correction: 1 Artificial Intelligence (AI) Stock Down 45% You'll Wish You'd Bought on the Dip, According to Wall Street

The Nasdaq Composite index is made up of almost every stock listed on the Nasdaq exchange. It soared by 28% during 2024 thanks to massive gains in artificial intelligence (AI) stocks, but it's currently down 12% from its December record high, placing it in correction territory. History suggests that corrections are an ideal time to buy stocks, because U.S. markets have always climbed to new highs over the long term. Datadog (NASDAQ: DDOG) developed a cloud platform that helps businesses monitor their digital infrastructure, and it recently pivoted into the AI space. Its stock has dipped from its recent peak amid the sell-off in the broader market, and it's down 45% from its all-time high, which was set during the tech frenzy in 2021.But the weakness hasn't deterred Wall Street. The Wall Street Journal tracks 47 analysts who cover Datadog stock, and the overwhelming majority have assigned it the highest-possible buy rating. In fact, not one analyst recommends selling.Here's why investors might want to buy into the Datadog story during the Nasdaq correction.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool