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2 EV Chip Stocks Down 34% and 45% That Could Become Stealth Artificial Intelligence (AI) Plays

TheMotleyFool

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2 EV Chip Stocks Down 34% and 45% That Could Become Stealth Artificial Intelligence (AI) Plays: https://g.foolcdn.com/editorial/images/788668/gettyimages-1408715303-1.jpg

The electric vehicle market encountered a big slowdown last year, and with it, the chipmakers who specialize in the power semiconductors crucial for EVs.

But some interesting commentary from two key EV chipmakers this earnings season offer hope not just for an EV recovery, but also that new power-efficient chip technologies may be adopted more and more in power-hungry AI data centers.

With the following two stocks down 34% and 45% below their highs and trading a low earnings multiples, an EV recovery could send their stocks higher, and new AI demand could add fuel to the fire.

Source Fool.com

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