3 Beaten-Down AI Chip Stocks to Consider Buying in the Sell-Off
When a whole sector sells off at once, the best names can get dragged down with the worst.
Overview
Chip stocks have taken a beating this week. A rotation out of high-flying technology names -- driven by mounting doubt about whether the industry's enormous spending on artificial intelligence (AI) will ever pay off -- has dragged the whole chip sector lower, and Friday brought more selling.
Sell-offs like this rarely bother to separate strong businesses from weak ones, which is exactly why they can create opportunities.
Details
Three beaten-down chip stocks stand out as worth a look right now: Nvidia (NASDAQ: NVDA), ON Semiconductor (NASDAQ: ON), and Intel (NASDAQ: INTC). Each is down for its own reasons, and each comes with meaningful risk. But for investors who can stomach the volatility, the weakness may be a chance to buy quality at a discount.
Source
Originally published at www.fool.com.