The stock market, as legendary investors from John M. Keynes to Warren Buffett have said, is a popularity contest in the short term that then turns into an intellectual contest in the long term. This is one credo retail investors must always keep in mind when navigating the often confusing price action of the market, such as today’s environment surrounding the technology sector and artificial intelligence.
This hype and excitement around a concentrated corner of the market have left behind other stocks that would otherwise warrant the attention of investors looking to find bargains with significant upside. There is no need to worry, though, as the market will always adjust back to fundamental realities and bring these bargains up to par.
