While buying a roughed-up stock " on the dip " seems like a no-brainer, the unfortunate truth is that many of these embattled businesses may actually prove to be " falling knives ."

However, if investors prioritize high-quality, market-leading, innovative companies, buying the dip can occasionally make perfect sense. I'd argue this is especially true when the stock in question is trading at what appears to be a once-in-a-decade valuation, which is the case for the business we will examine today.

Operating in three industry verticals buoyed by long-term megatrends, Nice ( NICE 3.18% ) and its artificial intelligence (AI) innovations could prove to be an excellent buy-the-dip candidate, especially since its stock is down 48% from its highs.

Nice looks to build upon its leade

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