There's been a slight pullback from investors in the tech market, with the Nasdaq-100 Technology Sector index down 9% since the start of August. Excitement over booming industries like artificial intelligence (AI) seems to have peaked as fears grow that macroeconomic headwinds could curb consumer spending through the coming holiday season.
The dip in the market presents a potential buying opportunity and an excellent time to consider making a long-term investment in tech. Amazon (NASDAQ: AMZN) and Advanced Micro Devices (NASDAQ: AMD) have shined as some of the industry's biggest players this year. While they have succeeded in wildly different areas of the industry, these companies could soon go head to head in the AI chip market.
As a result, it could be worth adding one of these companies to your list of holdings. So, let's find out whether Amazon or AMD is the better buy.
Source Fool.com