3 Cloud Computing Stocks to Buy Now: June 2024
ADBEAdobe(ADBE) Investor Place·2024-06-18 18:00

Since OpenAI launched ChatGPT in November 2022, the AI thesis has lifted many technology stocks. However, software stocks have recently faced the perfect storm as investors price in the risk of AI disruption. Due to uncertainty, investors are throwing out the baby with the bathwater, presenting some cloud computing stocks to buy now. Over the past three months, the iShares Expanded Tech-Software Sector ETF (BATS:IGV) is down 3%, while the S&P 500 is up over 5%. The underperformance is due to the risks AI co ...