Especially in the way that stocks with heavy Bitcoin or other cryptocurrency holdings in their balance sheets have seen the wildest price action in 2024, such as MicroStrategy Inc. (NASDAQ: MSTR). The stock was a darling of the industry while it was hot, but now that Bitcoin is pulling from its highs, it is being questioned down to 55% of its 52-week high.
While investors might start to fear missing out if they don’t buy that massive dip, other discounted stocks might make better buys today. One example can be made out of Tesla Inc. (NASDAQ: TSLA), as the automotive stock has come down to as low as 77% of its 52-week high, or Advanced Micro Devices Inc. (NASDAQ: AMD) to give investors one of the best discounts in the semiconductor industry at 53% of its 52-week high today.
