Market Correction: 2 No-Brainer AI Chip Stocks to Buy Right Now
With the Nasdaq Composite and S&P 500 indexes entering correction territory, it has opened up a lot of good buying opportunities for investors, including in the semiconductor space. This includes the stocks of the two leading companies in the artificial intelligence (AI) chip space: Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO).As of this writing, both stocks are down a little more than 20% from their recent highs. Let's examine why these two AI chip stocks look like no-brainer buys at these levels.Nvidia is the undisputed champion of AI chips with its graphics processing units (GPUs). While originally designed to help speed up the graphics rendering in video games, today GPUs are used for a variety of tasks. However, the most important of these uses, at least in terms of revenue, are to train large language models (LLMs) and run inference for AI.Continue reading
With the Nasdaq Composite and S&P 500 indexes entering correction territory, it has opened up a lot of good buying opportunities for investors, including in the semiconductor space. This includes the stocks of the two leading companies in the artificial intelligence (AI) chip space: Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO).
As of this writing, both stocks are down a little more than 20% from their recent highs. Let's examine why these two AI chip stocks look like no-brainer buys at these levels.
Nvidia is the undisputed champion of AI chips with its graphics processing units (GPUs). While originally designed to help speed up the graphics rendering in video games, today GPUs are used for a variety of tasks. However, the most important of these uses, at least in terms of revenue, are to train large language models (LLMs) and run inference for AI.
