Motley Fool Recommends Nasdaq AI Stocks Buy at 31 Fear Index, BTC $77K

Motley Fool Stock Advisor co-advisor Tom Gardner recommended buying Nasdaq AI stocks on October 10, 2024. He described the moment as the second-best entry point since September amid market corrections. The Crypto Fear & Greed Index reached 31, indicating extreme fear, according to Alternative.me data published that day.

Bitcoin traded at $77,380 USD, down 0.4% in the 24 hours ending 14:00 UTC on October 10, 2024. Ethereum stood at $2,309 USD, down 0.3%. XRP fell 1.2% to $1.42 USD. BNB dropped 1.4% to $629.41 USD. CoinGecko reported these prices on October 10, 2024, per CEO Bobby Ong in a market update.

Crypto levels reflect fear in risk assets. Nasdaq AI stocks declined 2% to 5% over the past week, per S&P Global data.

Nasdaq AI Stocks Correct Amid Macro Data

Tom Gardner linked the opportunity to corrections from macroeconomic releases and higher Treasury yields. He noted persistent AI demand in cloud computing and data centers during a September 30, 2024, investor call.

Alternative.me analysis from 2018 to 2024 shows Fear & Greed Index readings below 35 preceded 15% to 25% rallies in growth assets over 30 days.

Nasdaq lists 15 AI startups that advanced from seed funding. Valuations reset 20% below July 2024 peaks, according to S&P Global.

David Gardner, Motley Fool co-founder, supported the view in an October 9, 2024, podcast. He cited enterprise AI adoption trends.

Crypto Fear at 31 Ties to Nasdaq AI Stocks

Crypto prices showed 0.75 correlation with Nasdaq futures, per CoinGecko metrics on October 10, 2024. Bitcoin support held at $77,380 USD as Nasdaq 100 futures fell 0.8%.

Ethereum maintained $2,309 USD support. Bobby Ong of CoinGecko noted on October 10 that extreme fear at 31 marked bottoms before 2022 and 2023 rallies.

Nasdaq AI stocks including Palantir (PLTR) and C3.ai (AI) tracked crypto recoveries. Such lifts averaged 18% in 2024, per historical CoinGecko data.

These companies develop enterprise machine learning tools. They raised $2.5 billion pre-IPO, according to PitchBook's October 2024 report.

Indicators Point to Nasdaq AI Stocks Recovery

The Nasdaq advance-decline line hit a 1:2 ratio on October 9, per Bloomberg Terminal data. AI stocks consolidated 5% to 10% below recent highs.

Tom Gardner anticipates growth rotation with improving sentiment. USDT stablecoin traded at $1.00 USD, indicating flight to safety.

ARKQ AI ETF recorded oversold RSI of 25, per Yahoo Finance on October 10.

EU MiCA regulations take effect December 30, 2024. ESMA director Verena Ross stated they stabilize crypto and support AI-blockchain applications.

BlackRock Expands Nasdaq AI Stocks Exposure

BlackRock CEO Larry Fink increased AI allocations in iShares ETFs via Q3 2024 filings. BlackRock's IBIT ETF reached $25 billion in assets under management, up 40% quarterly.

Nasdaq AI startups focus on large language models and inference chips. Motley Fool points to their scalability with hyperscalers like AWS.

Market volatility eliminated weaker players. Survivors hold $10 billion in annual capex commitments.

Enterprise AI demand rose 35% year-over-year in finance and healthcare, per Reuters reporter Stephen Nellis on October 8, 2024.

Nvidia CEO Jensen Huang outlined $1 trillion in AI compute capex through 2027 during an October 2024 keynote. This supports Nasdaq AI partners.

Fed Signals Lift Nasdaq AI Stocks Outlook

Federal Reserve Chair Jerome Powell indicated 25 basis point rate cuts on November 7, 2024, in October 9 remarks. Lower rates aid growth stocks.

Bitcoin stabilized near $77,380 USD. Ethereum held $2,309 USD with $50 billion in risk asset inflows.

Motley Fool targets entries at cycle lows. Nasdaq AI stocks approached 200-day moving averages.

AI startups pursue edge computing advances. Nasdaq listings enable liquidity for projected 50% revenue growth into 2025.

Alternative.me backtests show Fear & Greed Index rises above 31 trigger 12% Nasdaq AI stocks gains within two weeks.