My 3 Favorite AI Stocks to Buy on the Continued Chip Sell-Off
Nvidia, AMD, and Broadcom all look attractive now.
Overview
While artificial intelligence (AI) infrastructure stocks have helped lead the market higher over the past few years, more recently, these stocks have come under pressure. There is some fear of an eventual slowdown in the data center build-out, but this does look more like a typical market breather after a nice run.
Three of my favorite semiconductor stocks to buy on this sell-off are Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Broadcom (NASDAQ: AVGO). All three still have huge growth opportunities in front of them, and spending on AI data centers should remain strong for many years.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.