Attractive AI Stocks to Watch Amid This Calamitous Market Crash
Right now, the stock market is crashing on recession fears. And there’s no sugarcoating it; it’s ugly out there . But despite the gloomy price action, we believe these recession fears are overblown. In fact, we think this stock market crash is setting the stage for some great dip-buying opportunities – particularly in AI stocks . The big picture here is that the U.S. economy is slowing and is relatively weak. But we don’t believe it is crashing, nor is it in a recession. What makes us so sure? Well, Gross Domestic Product (GDP) growth remains positive. The labor market is still adding jobs. There are still more job openings than unemployed people. Corporate earnings are still growing. Business sentiment surveys are still generally positive. Indeed, the bulk of evidence strongly suggests that the economy is not in a recession. It is also not slowing quickly enough right now to drop us into a recession anytime soon. Not to mention, the Federal Reserve is set to cut interest rates multiple times over the next few months.
https://investorplace.com/hypergrowthinvesting/2024/08/attractive-ai-stocks-to-watch-amid-this-calamitous-market-crash/