Buying the dip — that is, buying stocks the day after a selloff — is yielding some seriously strong gains for investors in 2023, according to a team of analysts led by Benjamin Bowler, the head of global equity derivatives research at Bank of America Global Research.
These stocks have benefited from a surge of interest in artificial intelligence, a trend that has propelled chip maker Nvidia Corp. NVDA up 164.6% this year. The strategy even became the focus of a popular, if mildly profane, YouTube video that went viral back in 2014.