Technology stocks have made a strong comeback in 2023. For year-to-date, the Standards and Practices (S&P) 500 Information Technology index has surged by 33%. Within the broader technology sector, AI stock have witnessed a massive rally. This is sparking people to seek out AI stocks to buy now.
However, even with multi-year industry tailwinds, it’s unrealistic to expect that stocks continue to move parabolic. We expect intermediate corrections followed by a potentially bigger rally. Some of the best AI stock to buy now have taken a breather after a big surge. I believe this presents a good opportunity to accumulate.
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