Tech Stocks: Smart Moves Amid Market Shifts

The market took a tumble this week, but some investors see this as a chance to grab tech stocks at a discount. Concerns about a potential economic slowdown and high stock prices sent ripples through the market, pulling down major tech players and dragging the Nasdaq Composite to its worst week since April. Among the tech stocks catching the eye of investors are Tesla, Nvidia, and Palantir. Tesla, in particular, is standing out. The company's CEO, Elon Musk, just got a massive pay package approved by shareholders, which could fuel Tesla's push into AI and robotics. This pay plan is tied to big goals, like hitting a $2 trillion market cap and delivering millions of vehicles and robots. Investors see this as a strong sign that Tesla is serious about expanding beyond electric cars. Tesla's stock has had its ups and downs, but it's still up about 6. 4% this year. Some believe it could climb even higher, possibly reaching $500 per share by the end of the year. That's a big jump from where it closed on Friday. The approval of Musk's pay package has many thinking Tesla could become a major player in the AI and robotics world. Nvidia and Palantir are also on the radar. These stocks have seen big gains this year, with Nvidia up 40% and Palantir up a whopping 135%. Investors see these companies as key players in the AI boom, with Nvidia being a heavyweight in both AI and the Nasdaq 100. But investing in growth stocks isn't without risks. While the market seems to have more room to run, investors should stay alert. Growth stocks can take a big hit when the market turns bearish. For now, though, the focus is on riding the wave of the AI boom and snagging good deals during market dips.