1 Artificial Intelligence (AI) Stock That I Just Bought on the Dip
The artificial intelligence (AI) investment wave has taken a downturn over the past few weeks. The stock market has sold off across the board, and AI stocks have taken a bit more of a beating.This opened up a few investment opportunities and allowed me to add another stock to my portfolio: Broadcom (NASDAQ: AVGO). It's a very wide business and has its fingers in many industries, but there's one that I'm most excited about: custom AI accelerators. This business unit has the potential to grow massively over the next few years, and it could be exactly what the stock needs to crush the market.Right now, the AI computing market is dominated by graphics processing units (GPUs) mainly made by Nvidia. GPUs are fantastic at processing complex calculations due to their ability to compute in parallel. They're also extremely flexible at performing multiple tasks and can be used to mine cryptocurrency, process engineering simulations, discover healthcare drugs, or train AI models.Continue reading
The artificial intelligence (AI) investment wave has taken a downturn over the past few weeks. The stock market has sold off across the board, and AI stocks have taken a bit more of a beating.
This opened up a few investment opportunities and allowed me to add another stock to my portfolio: Broadcom (NASDAQ: AVGO). It's a very wide business and has its fingers in many industries, but there's one that I'm most excited about: custom AI accelerators. This business unit has the potential to grow massively over the next few years, and it could be exactly what the stock needs to crush the market.
Right now, the AI computing market is dominated by graphics processing units (GPUs) mainly made by Nvidia. GPUs are fantastic at processing complex calculations due to their ability to compute in parallel. They're also extremely flexible at performing multiple tasks and can be used to mine cryptocurrency, process engineering simulations, discover healthcare drugs, or train AI models.
