The Nasdaq Just Hit Correction Territory: This Magnificent AI Stock Is a Rare Bargain

The Nasdaq index is now in correction territory, meaning it is now more than 10% down from its all-time high. While this may seem like a big deal, 10% corrections tend to occur just about every year, so this is something that investors must understand happens quite frequently. Because this happens regularly, investors shouldn't panic; instead, it's time to start looking for bargains that could be even more heavily hit than the broader market. My biggest value to buy right now is Nvidia (NASDAQ: NVDA), one of the best artificial intelligence (AI) stocks out there. At this writing, it's down nearly 30% from its all-time high and looks like a dirt-cheap bargain. Nvidia makes graphics processing units (GPUs), which are used for arduous computing tasks. Because they can process multiple calculations in parallel, they are well suited for tasks like AI training. While there are other competitors in the GPU space, Nvidia's options are superior in multiple ways, and it has become the clear pick in this space.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool