From NASDAQ: 2024-07-31 17:00:51

Recently, large-cap tech stocks have faltered, leading investors to pivot away from AI giants that drove the market rally. The Nasdaq-100 Index fell over 9% from its July highs, offering potential bargains for investors. ASML Holding N.V. is one such stock, down 22% from recent highs with a consensus “Strong Buy” rating. 

Advanced Micro Devices, Inc. is another Nasdaq-100 stock worth considering, with a diverse portfolio and a market cap of $223.8 billion. Despite being down 39% from its March highs, AMD stock has a consensus “Strong Buy” rating with expected upside of 37%. Qualcomm is a significant player in the global wireless industry, with a market cap of $186.3 billion. QCOM shares are down 27% from early June highs, presenting a potential buying opportunity. 

Cadence Design Systems, Inc. specializes in electronic systems design and computational software, with a market cap of $68.9 billion. CDNS stock is down 23% from its all-time high, but holds a consensus “Strong Buy” rating with expected upside potential of 23%. Constellation Energy Corporation is a major producer of clean energy, serving various industries and contributing to the nation’s clean energy supply. CEG stock, with a market cap of $53.1 billion, has a consensus “Moderate Buy” rating, offering expected upside of 22.8%.



Read more at NASDAQ: 5 Standout Nasdaq-100 Stocks Worth Buying on the Dip