The Nasdaq-100 was down 9% from its peak as of last Friday's close, as investors grew concerned about whether the AI spending boom can last, weighing on chip makers such as Nvidia and Micron Technology. The author argues that the broader market has always recovered to new highs over the long term, and highlights two growth stocks. Zscaler (ZS) is presented as a pioneer of the zero trust cybersecurity architecture, with fiscal 2026 revenue up 25% to $3.35 billion and a price-to-sales ratio of 11.3. Meta Platforms (META) is described as using AI to boost engagement across its apps, with its Muse personal AI agent reaching over 10 million users, and its stock trades at a price-to-earnings ratio of 20.9 versus 29.9 for the Nasdaq-100 after falling 20% from its peak.
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tech stocksNasdaqMETAZSartificial intelligence
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/03/2026 | 206.57 |
| Change that session | +2.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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