Nasdaq Correction: 2 "Magnificent Seven" Stocks Down 19% and 21% You'll Regret Not Buying on the Dip

The Nasdaq-100 is made up of 100 of the largest nonfinancial companies listed on the Nasdaq stock exchange. It has delivered a return of 343% over the past decade, doubling the gain of the more diversified S&P 500 thanks to its high concentration of the world's largest tech stocks. But the Nasdaq-100 can also be more volatile during times of uncertainty, and it's currently in correction territory after a 13% decline from its recent peak. Some of the largest constituents in the index, namely the "Magnificent Seven," are leading the decline. This group of seven companies earned their nickname for their tendency to outperform the broader market (notwithstanding the occasional rough patch) and their incredible size. Here they are, along with their recent market caps:I want to focus on two of these stocks because of their attractive valuations relative to the rest of the group, and their potential to capitalize on emerging themes like artificial intelligence (AI). Shares of Meta Platforms and Alphabet are down 19% and 21%, respectively, from their record highs, and here's why investors might regret not buying them on the dip.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool