Got $1,000? 2 Magnificent Artificial Intelligence (AI) Stocks Down Over 15% to Buy Hand Over Fist
Micron and Broadcom may be on sale now, but they will hit new all-time highs before investors know it.
Overview
Although the artificial intelligence (AI) investment theme has displayed some weakness during the past few weeks, it's still a major long-term trend that will dominate the market for the next few years. As a result, any short-term weakness should be viewed as a buying opportunity, and investors shouldn't wait for a better deal because the market tends to recover quite rapidly.
Two stocks down more than 15% from their all-time highs that I think are brilliant buys are Micron Technology (NASDAQ: MU) and Broadcom (NASDAQ: AVGO). These two have major tailwinds blowing in their favor that will aid their businesses from now until the end of 2027. That makes any current weakness an excellent time to load up on shares, and I think both are great buys now.
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Originally published at www.fool.com.