5 Best 52-Week Low NASDAQ Stocks to Buy According to Billionaires

Detailed summary

Scan the Nasdaq stocks hitting 52-week lows this week and a pattern jumps out: many of the biggest names build, power or rent space for artificial intelligence. Few of these…

Scan the Nasdaq stocks hitting 52-week lows this week and a pattern jumps out: many of the biggest names build, power or rent space for artificial intelligence. Few of these businesses are shrinking. Several reported record revenue in recent weeks, and their shares kept sliding anyway.

The reason has less to do with earnings than with money and politics, and both turned sharply worse over the past month.

The first shock came from the bond market. CRWV has taken on more than $51 billion of debt and obligations to build its AI infrastructure, CNBC reported on October 15. By October 21, CNBC said, its shares were down 36% for the month, and the spread on its five-year credit default swaps, a measure of the cost of insuring its debt, had reached 1,145 basis points.

Readers weighing the pullback can read our analysis of whether CRWV's recent drop is a buying opportunity.

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