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Big Tech Selloff: 2 'Strong Buy' Stocks Down 19% and 21% to Buy on the Dip Now


//stocks-investing.news-articles.net/content/202 .. stocks-down-19-and-21-to-buy-on-the-dip-now.html
Published in Stocks and Investing on by Barchart   Print publication without navigation

Amazon (AMZN) stock has dropped about 19.4% from its recent high, despite the company firing on all cylinders. This pullback could be a chance for long-term investors to buy into one of the most dominant players in high-growth industries like cloud computing, e-commerce, digital advertising, and AI.

The article from MSN discusses the recent sell-off in big tech stocks, highlighting two companies, Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN), as strong buy opportunities due to their significant price drops. Alphabet, the parent company of Google, has seen its stock decline by 19% from its peak, influenced by concerns over its AI development and competition in the search engine market. Despite this, analysts remain optimistic about Alphabet's future due to its robust advertising business and advancements in AI technology. Amazon, on the other hand, has experienced a 21% drop, primarily due to a slowdown in its e-commerce growth and concerns about its cloud computing division, AWS. However, the article points out that Amazon's long-term growth prospects remain strong, supported by its expanding logistics network, AWS's market leadership, and new ventures like healthcare and satellite internet. Both stocks are recommended as buys on the dip, with analysts suggesting that their current valuations offer a good entry point for investors looking at long-term gains.

Read the Full Barchart Article at:
[ https://www.msn.com/en-us/technology/tech-companies/big-tech-selloff-2-strong-buy-stocks-down-19-and-21-to-buy-on-the-dip-now/ar-AA1B5PJA ]

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