Investors rushed to get in on artificial intelligence (AI) stocks over the past two years as it became clear that AI might be the next big thing. The idea was that this newish technology could join the ranks of electricity or the internet, revolutionizing our daily lives and a whole lot more.
But recently, the excitement has turned to concern about what’s ahead. Early last month, President Donald Trump announced a detailed plan for tariffs on imports, and stocks — particularly tech and AI players — sank.
Amid these fears, the Nasdaq Composite crashed into bear territory. Though it’s recovered from its low point, many AI stocks remain down for the year. And many are trading at reasonable and even bargain valuations. Does this mean now is the time to buy beaten-down AI stocks? Let’s find out.
This post originally appeared at The Motley Fool.