I have seen many companies that are too undervalued but the market never gave them the right valuation. The only reason they are not having growth
Same time I have seen stocks with 20-35% growth in revenue & profits are getting 2 to 5 extra valuations than they deserve.
The game actually lies in Growth+ management quality.
It doesn't matter which sector you are buying but if the stock in that sector is having a solid growth market respect that guy and make you a hero.
Till today every time Apple, Microsoft, meta whenever gone down by 20% always never left that opportunity to add.
simple strategy
1 Follow the growth stock
2. Wait till they correct more than 20%
3. start adding slowly ( add in 4-5 tranches)
4. Keep doing research and diversify portfolios at least in 12-15 stocks.
20% avg growth for 5 years transform 1 dollar into 2.5 dollar
if your investment today is 200k range and you are adding every year 30-40k then there is a huge chance you end up becoming a millionaire at the end of 7 years. The point is how effectively you manage your investment.
AI is the future but that doesn't mean a traditional tech player is going to be out. There are too many resources hence they will transform their companies into AI supported companies.