Some Undervalued Tech Names Available in These ETFs

Core Insights - U.S. equities are not alarmingly overvalued, but finding undervalued stocks can be challenging, especially within high-growth ETFs like QQQ and QQQM [1] - Despite fears of AI disruption, certain technology stocks within these ETFs are now considered undervalued, presenting potential investment opportunities [1] Group 1: Undervalued Stocks in QQQ/QQQM - Adobe (ADBE) is viewed as vulnerable to AI but is currently undervalued, with analysts seeing rebound potential due to its addressable market exceeding $200 billion and ongoing M&A efforts [1] - Intuit (INTU), owner of TurboTax, is also undervalued and has significant upside potential through its unique offerings like TurboTax Live and QB Live, which differentiate it from competitors [1] - Microsoft (MSFT), while not a traditional value stock, trades at a 34% discount to Morningstar's fair value estimate and is transitioning to cloud-based SaaS solutions, maintaining a strong position in office productivity software [1]