2023-10-02 09:11:54 ET
The rise of generative artificial intelligence (AI) platforms like OpenAI's ChatGPT drove many AI-related stocks to their all-time highs over the past year. But as inflation looms large and interest rates stay elevated, many investors are probably wondering if they should take some profits in those high-flying AI stocks before the market crashes again.
Meanwhile, investors who missed out on the massive rally in AI stocks should probably wait for a market downturn to reduce those valuations to more sustainable levels. If that happens, I'd confidently load up on Nvidia (NASDAQ: NVDA) , Cloudflare (NYSE: NET) , and Workday (NASDAQ: WDAY) as long-term plays on the booming AI market .
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For further details see:
3 AI Stocks You Can Confidently Buy After a Market Downturn