2 Cheap Artificial Intelligence (AI) Stocks That Are Primed to Rebound
Artificial intelligence (AI) investing and the word "cheap" don't often go hand in hand. Many of these stocks got a bit overheated during the market's run over the past few years and sold off a bit recently. However, I think a few of these stocks overcorrected and can now firmly be considered cheap.Among the cheap stocks are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Taiwan Semiconductor Manufacturing (NYSE: TSM). Both are actually priced cheaper than the broader market, as measured by the S&P 500, which gives me confidence to label them cheap.However, I wouldn't be surprised to see both rise to a premium valuation again, making them strong stocks to consider buying now.Continue reading
Artificial intelligence (AI) investing and the word "cheap" don't often go hand in hand. Many of these stocks got a bit overheated during the market's run over the past few years and sold off a bit recently. However, I think a few of these stocks overcorrected and can now firmly be considered cheap.
Among the cheap stocks are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Taiwan Semiconductor Manufacturing (NYSE: TSM). Both are actually priced cheaper than the broader market, as measured by the S&P 500, which gives me confidence to label them cheap.
However, I wouldn't be surprised to see both rise to a premium valuation again, making them strong stocks to consider buying now.
