3 Artificial Intelligence (AI) Stocks Down 25% to Buy Now and Hold

Zacks07-26

The Nasdaq’s mid-week tumble marked its worst drop since October 2022, sending it below its 50-day moving average for only the second time in 2024. The stock market and artificial intelligence-based ...

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The stock market and artificial intelligence-based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-artificial-intelligence-ai-stocks-110000625.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Artificial Intelligence (AI) Stocks Down 25% to Buy Now and Hold</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Artificial Intelligence (AI) Stocks Down 25% to Buy Now and Hold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/3-artificial-intelligence-ai-stocks-110000625.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Nasdaq’s mid-week tumble marked its worst drop since October 2022, sending it below its 50-day moving average for only the second time in 2024. The stock market and artificial intelligence-based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/3-artificial-intelligence-ai-stocks-110000625.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/3-artificial-intelligence-ai-stocks-110000625.html","article_id":"2454341812","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0w4x.NmqYzuFLAbsc9T09A--~B/aD0zMTA7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6c5771febec15799c6487321afa17a3b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454341812","pubTimestamp":1721991600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Nasdaq’s mid-week tumble marked its worst drop since October 2022, sending it below its 50-day moving average for only the second time in 2024. The stock market and artificial intelligence-based stocks were due for significant pullbacks following the massive first-half rally that saw many stocks climb well over 50%.The Nasdaq’s quick haircut has it approaching its 21-week moving average and hitting some of its most oversold RSI levels over the past three years. AI stocks such as Nvidia, Super Micro Computer, and others such as nuclear energy and AI-play Constellation Energy  finally experienced the recalibration they needed.AI-centric stocks and the market could experience more selling and volatility throughout earnings season, especially since big tech set the bar very high. But investors who can block out the noise and look long-term should start to take advantage of the sale going on right now.Some of the best times to buy great stocks is when seemingly everyone else is selling.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4532":"文艺复兴科技持仓","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4592":"伊斯兰概念","BK4023":"应用软件","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4525":"远程办公概念","VST":"Vistra Energy Corp.","BK4527":"明星科技股","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4141":"半导体产品","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","NVDA":"英伟达","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","BK4503":"景林资产持仓","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","MU":"美光科技","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","CSTA.U":"Constellation Acquisition Corp I","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","CEG":"Constellation Energy Corp","BK4504":"桥水持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4529":"IDC概念","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4528":"SaaS概念"},"translate_title":"3只人工智能(AI)股票下跌25%，值得立即买入并持有","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VST":1,"MU":1,"CEG":1,"CSTA.U":0.9,"NVDA":0.6},"content_text":"The Nasdaq’s mid-week tumble marked its worst drop since October 2022, sending it below its 50-day moving average for only the second time in 2024. The stock market and artificial intelligence-based stocks were due for significant pullbacks following the massive first-half rally that saw many stocks climb well over 50%.\nThe Nasdaq’s quick haircut has it approaching its 21-week moving average and hitting some of its most oversold RSI levels over the past three years. AI stocks such as Nvidia, Super Micro Computer, and others such as nuclear energy and AI-play Constellation Energy (CEG) finally experienced the recalibration they needed.\nAI-centric stocks and the market could experience more selling and volatility throughout earnings season, especially since big tech set the bar very high. But investors who can block out the noise and look long-term should start to take advantage of the sale going on right now.\nSome of the best times to buy great stocks is when seemingly everyone else is selling.\nToday we dive into three AI-focused stocks—Micron Technology, Inc. (MU), Vistra Corp. (VST), and Constellation Energy (CEG)—that long-term investors might want to buy after they tumbled roughly 25% from their highs.\nMicron Technology, Inc. (MU) Stock\nMicron (MU) is a memory chip powerhouse transformed into a major player in the artificial intelligence arms race. Micron projects that AI will drive record demand for memory chips. Micron is rolling out chips designed to support the heavy workloads required at AI data centers. Micron is set to post record revenue in FY25, fueled by “robust AI demand.”\nImage Source: Zacks Investment Research\nMicron grew its Q3 FY24 sales (reported on June 26%) by 82%, as AI demand drove 50% sequential data center revenue growth and record high data center revenue mix. MU is projected to grow its revenue by 60% in FY24 and another 55% in FY25 to reach $38.63 billion—crushing FY22’s $30.76 billion record.\nMicron is projected to swing from an adjusted loss of -$4.45 per share last year to $1.16 in FY24 and skyrocket 700% next year to $9.32 per share. MU has crushed our bottom-line estimates recently and its positive EPS revisions earn Micron stock a Zacks Rank #2 (Buy). \nOn top of its impressive Zacks Rank, 24 of the 27 brokerage recommendations Zacks has are “Strong Buys.” MU also pays a dividend, supported by its strong balance sheet.\nImage Source: Zacks Investment Research\nMicron stock has soared nearly 1,600% in the last 15 years, crushing the Zacks Tech sector’s 585% and matching the Chip market. MU shares are up 80% in the past two years, outpacing Tech’s 65%. Yet, Micron is trading roughly 30% below its June peaks and 50% below its average Zacks price target.  \nMicron trades at its most oversold RSI levels over the past five years as it approaches its 200-day moving average, having recently slid below its 21-week. \nMicron trades at a 48% discount to the Zacks Tech sector and 62% below the Semiconductor Market. Micron trades well over 50% below its various highs over the last 10 years at 13.9X forward 12-month earnings.  \nVistra Corp. (VST) Stock \nVistra (VST) is thriving as Wall Street embraces companies that will power the U.S. as the country goes full steam ahead on nuclear energy and other alternative energy sources right as the artificial intelligence boom sends energy demand soaring. \nVistra is an integrated retail electricity company and the largest competitive power generator in the country, serving roughly 5 million residential, commercial, and industrial retail customers across 20 states. Google, Amazon, Microsoft, and other tech companies are racing to land energy deals with companies like Vistra for nuclear, battery storage, solar, and more.\nImage Source: Zacks Investment Research\nVistra owns the second-largest competitive nuclear fleet and a rapidly growing solar and battery energy storage portfolio. VST is also in the natural gas business, which will remain vital for years. \nVistra said last quarter that the U.S. Inflation Reduction Act provides the opportunity to “realize material benefits with respect to its renewables and energy storage projects, as well as provide strong price support via the nuclear production tax credit for its nuclear facilities.”\nImage Source: Zacks Investment Research\nVistra is projected to grow its revenue by 14% in 2024 and over 11% in FY25. Vistra is projected to expand its adjusted EPS by 39% and 24%, respectively. VST’s consensus earnings estimate for FY25 has soared 42% since its Q1 release, helping it earn a Zacks Rank #1 (Strong Buy).\nVistra shares soared roughly 125% during the first six months of 2024, lagging only Super Micro Computer and Nvidia (NVDA) in the S&P 500. VST is still up 150% in the past 12 months despite falling over 30% from its late-May highs. \nVistra’s pullback was due after soaring far above its 50-day and 21-week moving averages. VST now trades below its 21-week and 50-day moving averages—any move down to its 200-day (around $60 per share) would mark a screaming buy.\nImage Source: Zacks Investment Research\nVistra trades 58% below its average Zacks price target and near its most oversold RSI levels of the last year five years (the lowest level in the last 12 months). VST trades at a 55% discount to its highs and 15% below the Zacks Utilities sector at 12.7X forward earnings. Vistra also pays a dividend.\nConstellation Energy (CEG) Stock \nConstellation Energy (CEG), like Vistra, sits at the confluence of two megatrends: the energy transition and artificial intelligence. Constellation Energy is a nuclear energy powerhouse, producing roughly 10% of all clean and renewable energy in the U.S. \nConstellation Energy’s nuclear power facilities, alongside its smaller hydro, wind, and solar units power the equivalent of 16 million homes. CEG has already landed nuclear deals with Microsoft to power some of its AI data centers.\nOnce left to decay, nuclear energy is transforming into the star of the global energy transition, and Constellation is a part of the vanguard. Nuclear energy provided 50% of America’s carbon-free electricity in 2023, making it the largest domestic source of clean energy.\nImage Source: Zacks Investment Research\nThe U.S. co-led in 2023 a coalition of over 20 countries that pledged to triple nuclear energy capacity by 2050. The recently signed Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act aims to accelerate nuclear energy growth. Constellation was already benefitting from the nuclear-focused aspects of the IRA, which essentially provides a price floor for nuclear power.\nConstellation is poised to improve its current nuclear power plants and expand into the next generation of nuclear technology. CEG aims to expand through mergers and acquisitions and return more capital to shareholders. \nConstellation said in February it plans to grow its dividend per share by 25% in 2024, exceeding its 10% annual growth target, while targeting long-term base EPS growth of at least 10% through the decade.\nImage Source: Zacks Investment Research\nConstellation is projected to grow its adjusted EPS by 54% in FY24 and another 19% in FY25. CEG earns a Zacks Rank #2 (Buy) right now, driven by its soaring FY24 and FY25 earnings estimates.  \nConstellation was one of the top S&P 500 performers in the first half and CEG is still up 200% in the past two years. CEG has fallen over 25% from its May records and trades 33% below its average Zacks price target. Constellation is attempting to find support at its 200-day moving average. The stock could also find buyers at its late February levels following its Q4 earnings release surge.  \nConstellation trades at its most oversold RSI levels over the last two years. CEG’s recent fall, mixed with its strong earnings outlook has it trading near its median at 20.6X forward 12-month earnings. Constellation could be ready for another breakout if it provides impressive guidance when it reports on August 6.  \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nConstellation Energy Corporation (CEG) : Free Stock Analysis Report\nMicron Technology, Inc. (MU) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nVistra Corp. (VST) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454341812"}