Is It Time to Buy the Nasdaq's 3 Worst-Performing May Stocks?
We're nearly at the halfway mark of 2023, and already the Nasdaq Composite has put up a banner year. The tech-heavy index is up 25%, reclaiming about half of last year's losses.
However, not every Nasdaq stock was a winner in May, even though it was the month in which the tech sector rallied following a blowout earnings report from AI chipmaker Nvidia.
Let's look at the three worst performers from the Nasdaq 100 -- an index that monitors the performance of the 100 largest stocks in the Nasdaq Composite -- in May to see if any of them are worth buying.
Source Fool.com
