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Here Is My Top Artificial Intelligence (AI) Stock to Buy Right Now
The hype for this AI stock may have gotten too hot, but don't overcorrect and miss this buying opportunity.
Nvidia (NASDAQ: NVDA) became the poster child for the rise of artificial intelligence (AI) in early 2023. Data center chips used to train and operate powerful AI models created a fast-growing market that Nvidia has essentially dominated. But just like the internet in the late 1990s, excitement and newness can sometimes let the hype get a bit too far ahead of reality.
Lately, the markets have begun letting out some hot air. The Nasdaq Composite is almost 10% off its high, flirting with, technically speaking, a correction. Shares of Nvidia have declined nearly 25% since their peak in early January.
It can be frightening when stock prices fall like this, but I'm here to caution investors against letting the selling go too far. Nvidia's dip has arguably created a buying opportunity for long-term investors. I've broken down why and how to take advantage of this below.
