Tech Stocks Are Plummeting: 2 Artificial Intelligence (AI) Stocks to Buy Now and Hold for Decades

Technology stocks witnessed a significant pullback of late, as evidenced by the 13% decline in the Nasdaq-100 Technology Sector index in the past month. Investor sentiment soured due to the trade war sparked by the tariffs announced by the Trump administration on Canada, Mexico, and China, which led those nations to announce retaliatory tariffs on U.S. goods.The negative investor sentiment isn't surprising, as tariffs could increase the manufacturing costs for tech companies that rely on foreign markets to produce and assemble their goods. Artificial intelligence (AI) stocks, in particular, experienced steep sell-offs as investors rush to book profits in a risk-off environment.Shares of Palantir Technologies (NASDAQ: PLTR), for instance, are down 25% in the past month. Semiconductor bellwether Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, lost 15% of its value over the same period. However, the recent pullback in these AI stocks looks like a buying opportunity for savvy investors, especially considering the strong results they deliver and the huge end-market opportunities they can benefit from.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool