The market for artificial intelligence (AI) infrastructure remains hot, but on Wall Street, nothing can go straight up forever.
Last week, semiconductor stocks as a class got caught up in a sell-off triggered by the lackluster guidance that Broadcom (NASDAQ: AVGO) delivered with its quarterly report on June 3, and many top names tumbled sharply
Dips like these aren’t unusual, and they can be great buying opportunities. Let’s look at three chip stocks to buy now in the wake of this one. Nvidia When it comes to AI infrastructure, Nvidia (NASDAQ: NVDA) remains the dominant force with its graphics processing units (GPUs).
The company has created a wide moat around AI model training with its CUDA software platform, which is where most foundational AI code has been written and optimized for its chips. It is also well positioned to power the new workloads that are coming as a greater share of compute goes toward inference and agentic AI. The company smartly entered into an agreement with Groq for its language processing units (LPUs), which are chips based on static random-access memory designed specifically for inference, and incorporated them into its CUDA ecosystem.