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Home Technology Artificial Intelligence

3 AI Stocks to Buy During Market Dip

Identify AI tech leaders to purchase amidst a stock market correction. Explore Broadcom, ASML Holding, and Super Micro Computer.

by Lilu Anderson
Sun, Aug 18, 2024 3:18pm
in Artificial Intelligence
• 2 mins read
13.9k
3 AI Stocks to Buy During Market Dip | FinOracle

Photo: Finoracle.net

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Broadcom

Broadcom is a significant player in the technology sector, particularly in the field of artificial intelligence (AI). Under the leadership of CEO Hock Tan, Broadcom has pursued a strategy of growth through acquisitions, focusing on niche technologies. A key area of growth has been its chip portfolio, especially with the Tomahawk and Jericho chipsets. These chips are crucial for data transport in AI applications, driving hypergrowth. Additionally, Broadcom's custom ASICs are utilized by tech giants like Alphabet and Meta Platforms for AI accelerators. Recently, a third major customer, suspected to be Bytedance, has joined this list.

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