3 Beaten-Down AI Chip Stocks Worth a Closer Look After the Sell-Off
After one of the sharpest pullbacks the AI chip trade has ever seen, three of the sector's leaders are suddenly trading well below their recent highs.
3 Beaten-Down AI Chip Stocks Worth a Closer Look After the Sell-Off
Overview
It's been a brutal stretch for semiconductor investors. Last week, a wave of selling swept through the artificial intelligence (AI) chip sector, erasing about $1.3 trillion of market value from chip stocks in Friday's session alone. Nvidia (NASDAQ: NVDA) fell about 6% that day, and Advanced Micro Devices (NASDAQ: AMD) dropped almost 11%. Broadcom (NASDAQ: AVGO), whose earnings report earlier in the week helped set off the slide, has lost about a fifth of its value in a week.
And now these stocks are having another bad week so far, building on last week's losses.
Details
Sharp declines like these can be unnerving. But they can sometimes create opportunities for long-term investors -- especially when the underlying businesses are still posting accelerating growth. And that seems to be the case here.
Source
Originally published at www.fool.com.
