Although the artificial intelligence (AI) investment theme has displayed some weakness during the past few weeks, it’s still a major long-term trend that will dominate the market for the next few years.
As a result, any short-term weakness should be viewed as a buying opportunity, and investors shouldn’t wait for a better deal because the market tends to recover quite rapidly
Two stocks down more than 15% from their all-time highs that I think are brilliant buys are Micron Technology (NASDAQ: MU) and Broadcom (NASDAQ: AVGO). These two have major tailwinds blowing in their favor that will aid their businesses from now until the end of 2027. That makes any current weakness an excellent time to load up on shares, and I think both are great buys now. 1.
Micron Technology Micron is one of the best-performing stocks this year and is currently in the top five highest-performing stocks in the S&P 500 (SNPINDEX: ^GSPC) year to date. Micron’s success this year has come from soaring memory chip demand caused by the data center build-out required for AI workloads. Memory chips are critical for every computing device, but the industry wasn’t ready for the subsequent demand wave.