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Who says you need to invest in the hottest of high-tech growth stocks to have a shot at impressive gains? Indeed, it’s hard to avoid all of the hype surrounding various technology titans, especially as the tech-heavy Nasdaq 100 exchange adds to its strength. Indeed, the U.S. market (both the S&P 500 and Nasdaq 100) is at new highs, thanks in major part to the tech scene and the rise of the artificial intelligence trend.
Understandably, many value investors and contrarians may be holding off on the tech scene, with some pointing to mild overvaluation as a concern. Though markets may be overdue for some sort of correction over the coming weeks, I’d argue that markets may proceed forward without tumbling by 10% from peak to trough, given the potential for AI technologies to be additive to sales and earnings.
Of course, it’s hard to tell just how much of a shot in the arm AI can give…
