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I see worrying headlines about tech stocks being overvalued, so which FTSE 100 stocks might I snap up if we see a big market correction?
I know the talk is mostly about US Nasdaq stocks. But market jitters spread.
The US growth index did fall in early August, but it’s picked right back up again. And today, AI star Nvidia is back to a market cap of over $3trn once more.
That’s about 11 times the value of AstraZeneca, the biggest company on the UK stock market.
Buy the index?
Is a Nasdaq correction inevitable? If it happens, maybe the best thing I could do is just buy the index. Or add to my holding of Scottish Mortgage Investment Trust (LSE: SMT), which would be close enough.
Scottish Mortgage holds a whole bunch of the top Nasdaq stocks, with Nvidia now up to 6.8% of the portfolio.
But I still have a fair bit of diversification in case any specific stocks hit a…


