Nasdaq Correction: This Magnificent Stock Is a Rare Bargain

In recent years, investors showed their optimism about the future by flocking to high-growth stocks -- and that pushed the prices of some of these players into the stratosphere. The idea was these companies would benefit from a potentially lower interest-rate environment ahead, and, in many cases, the development of artificial intelligence (AI).And speaking of AI, companies connected to AI in particular stood out, their stocks advancing in the double and triple digits, helping fuel double-digit increases in the Nasdaq in 2023 and 2024. This excitement spilled over into this year, too, driving the tech-heavy benchmark higher through the middle of last month. In recent days, though, the momentum screeched to a halt on concerns about the economy and even the possibility of a recession. What sparked these fears? President Donald Trump launched tariffs on imports from Canada, China, and Mexico -- opening the door to rising prices that could hurt corporate earnings and the customer's wallet.As a result, benchmarks tumbled, and the Nasdaq even entered correction territory last week, falling more than 10% from its most recent high on Dec. 16. No one likes to see stocks tumble. But one positive thing the movement brings is the opportunity to get in on quality companies at a valuation you never would have believed possible. Looking for an example? This magnificent stock is a rare bargain right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool