AI Stocks Are on Sale -- 2 Stocks I'm Loading Up On Right Now
Alongside the broader market pullback, artificial intelligence (AI) stocks have been hit hard over the past month. Although the market has nearly recovered, many AI-centric stocks haven't. This has opened up some great buying opportunities to get some stocks for a little less than they were just a month ago.
Two that I have my eye on are Taiwan Semiconductor (NYSE: TSM) and UiPath (NYSE: PATH). Read on to find out why these two make for great buys now and how AI will be a significant business boost.
To create an AI model, you need some serious computing power. At the base of this is a microchip, and Taiwan Semiconductor is the leading contract manufacturer of these devices. TSMC has leading 5nm and 7nm (nanometer) chips but has already created the next generation in semiconductor technology in 3nm chips, which should arrive in devices soon. Although no products contain 3nm chips yet, Taiwan Semiconductor is already working on its next launch of 2nm chips.
Source Fool.com
