The slide this month by Oracle (ORCL) and Broadcom (AVGO) has reminded investors that artificial intelligence (AI) stocks don’t move up in a straight-line fashion. They may also want to consider that prior pullbacks by mega-cap AI equities have often proven to be buying opportunities.
Source: https://www.etftrends.com/etf-education-content-hub/familiar…
CoreWeave stock has pulled back substantially in recent months, but the good part is that the company has the ability to grow at a terrific pace. Jabil’s data center business is booming as demand for AI servers grows, and its earnings outlook suggests that the stock could jump impressively.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
