These 3 Are Great Artificial Intelligence (AI) Stocks to Buy on the Dip Right Now
The artificial intelligence (AI) market could nearly quadruple to $1 trillion by 2031, requiring many more AI chips. These three stocks are no-brainer buys after their recent 26% to 38% declines.
Artificial intelligence (AI) is rapidly shifting from hype to reality. It feels like yesterday that ChatGPT first went viral. That was in early 2023. Just over two years later, research by Statista estimates the AI market will reach $244 billion this year and exceed $1 trillion by 2031.
It's an exciting time for technology investors, though the artificial intelligence opportunity will evolve as it matures, and AI stocks won't go up in a straight line.
Look no further than recent weeks. Volatility has shaken the market, and while the major market indexes remain within shouting distance of all-time highs, several high-profile AI stocks, like Nvidia (NASDAQ: NVDA), Taiwan Semiconductor (NYSE: TSM), and ASML Holding (NASDAQ: ASML), have fallen 26% to 38% from their highs.
