Alphabet Pulled Back Hard. Here Are My Top 3 Megacaps to Buy on the Dip.

Plenty of stocks are down quite a bit just since the middle of the month. But it's Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) that's arguably inflicted the most ne

Alphabet Pulled Back Hard. Here Are My Top 3 Megacaps to Buy on the Dip.
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Plenty of stocks are down quite a bit just since the middle of the month. But it's Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) that's arguably inflicted the most net damage. The S&P 500's (SNPINDEX: ^GSPC) second-biggest name is now sitting 15% below its mid-May peak, clearing the way for other similarly sized names to suffer similar stumbles. And many of them have.

Veteran investors know, however, that such setbacks are opportunities more often than they're omens.

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With that as the backdrop, here's a closer look at three megacaps to buy on the dip led by Alphabet.

The proliferation of artificial intelligence (AI) has been a boon for Broadcom's (NASDAQ: AVGO) business. Shares are up more than 556% since late 2022, in fact, on more than a doubling of the tech company's revenue and comparable growth of its bottom line.

Of course, if demand for AI solutions weakens and, as a result, undermines demand for AI data cent

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/alphabet-pulled-back-hard-top-205000600.html)

Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.