3 AI Chip Stocks Down 15% or More to Buy Right Now
Broadcom, AMD, and SK Hynix look like buys on the dip.
Overview
AI chip stocks have been volatile this year as investors weigh the enormous amount of spending going toward AI infrastructure and how sustainable it is. However, with cloud computing companies seeing strong returns on their AI chip and networking investments with quick payback periods and locked-in contracts, it appears that this robust spending will continue.
Let's look at three AI semiconductor stocks that are off 15% or more from their highs to buy right now.
Details
Down 23% from its highs set this spring, Broadcom (NASDAQ: AVGO) looks like one of the most attractive chip stocks to buy on the dip. The company is a leader in data center networking and custom AI ASICs (application-specific integrated circuits) and has a significant growth opportunity ahead.
Source
Originally published at www.fool.com.