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Valuations climbed quickly, and excitement around AI pushed many big names sharply higher. Recently, tech and AI stocks have taken a hit amid concerns about high valuation and questions over whether aggressive AI investments are delivering results fast enough. However, seasoned investors know that the real opportunity often appears when the excitement cools down.So what is smart money doing now?Most Retail Investors Think They’re Investing: They’re Actually Trading The MarketThe Saturday Spread: Using Volatility Skew as a Smart Money Gauge (TGT, AAPL, ORCL)Warren Buffett’s Last Investment Was This Stock. Should You Follow the Oracle and Buy It Too?Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!www.barchart.comSeveral factors have influenced the recent tech and AI selloffs. Most tech companies have invested heavily in AI, putting pressure on their margins and balance sheets but not generating sufficient revenue or earnings growth at the moment. These AI stocks are being scrutinized for their lofty valuations. Other factors that affected it were large funds locking in profits after strong rallies, a market cycle shift from high-growth AI stocks to more defensive and value plays, and geopolitical uncertainty.Despite the panic selling, long-term savvy investors know that these corrections do not necessarily weaken the long-term AI story, at least not for legacy players like Alphabet (GOOG) (GOOGL). They focus on fundamentals, cash flow strength, competitive advantage, and long-term earnings power and not daily price swings.GOOGL stock has returned 745% over the last 10 years and has gone through numerous correction cycles. What kept its stock rising is the company’s consistent revenue and earnings growth, cash flow strength, infrastructure leadership, and long-term growth visibility. Alphabet’s revenue has increased from $74.9 billion in fiscal 2015 to $402 billion in fiscal 2025. Similarly, earnings have risen from $1.14 per share to $10.81 per share over the same period.While the tech selloff has kept GOOGL stock just about flat so far this year, the company actually reported what CEO Sundar Pichai called a “tremendous quarter,” proving that the underlying AI engine continues to accelerate across every major business line. In fact, Google integrated AI long before it became a sensation. Since 2017, Alphabet has begun utilizing AI in Gmail and Google Search. And now Alphabet has become a full-stack AI leader with proprietary TPUs, Nvidia (NVDA) GPUs, frontier Gemini models processing over 10 billion tokens per minute, and a diverse portfolio of AI-powered products across Search, Workspace, Ads, YouTube, Android, and Pixel.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,873.75 -49.50 (-0.71%)Dow Futures49,373.00 -301.00 (-0.61%)Nasdaq Futures24,835.25 -232.25 (-0.93%)Russell 2000 Futures2,642.90 -25.90 (-0.97%)VIX19.09 -1.14 (-5.64%)Gold5,195.00 +114.10 (+2.25%)Trending tickersBTC-USD Bitcoin USD 64,900.00 -3,062.94 (-4.51%)NQ=F Nasdaq 100 Mar 26 24,835.25 -232.25 (-0.93%)ETH-USD Ethereum USD 1,864.56 -107.70 (-5.46%)SI=F Silver Mar 26 87.38 +5.03 (+6.11%)ES=F E-Mini S&P 500 Mar 26 6,873.75 -49.50 (-0.71%)PortfolioSign in to access your portfolioSign inTop gainersRNG RingCentral, Inc. 39.50 +10.11 (+34.40%)LGN Legence Corp. 55.24 +7.96 (+16.84%)TLX Telix Pharmaceuticals Limited 7.69 +0.98 (+14.61%)SYRE Spyre Therapeutics, Inc. 43.21 +5.40 (+14.28%)FSM Fortuna Mining Corp. 12.27 +1.37 (+12.57%)Top losersFROG JFrog Ltd. 37.75 -12.54 (-24.94%)DNOW DNOW Inc. 13.23 -3.13 (-19.13%)CC The Chemours Company 17.04 -3.37 (-16.51%)AKAM Akamai Technologies, Inc. 94.17 -15.42 (-14.07%)RGC Regencell Bioscience Holdings Limited 29.17 -4.29 (-12.82%)Most activeNVDA NVIDIA Corporation 189.82 +1.92 (+1.02%)OPEN Opendoor Technologies Inc. 5.0000 +0.3500 (+7.53%)ONDS Ondas Inc. 10.03 -1.36 (-11.94%)INTC Intel Corporation 44.11 -0.51 (-1.14%)PLUG Plug Power Inc. 1.8700 -0.0400 (-2.09%)Top economic eventsEarnings eventsMy earnings eventsEarnings events