2 Magnificent Artificial Intelligence (AI) Stocks to Buy Right Now
The U.S. stock market has been exceptionally strong, with the benchmark S 500 index hitting multiple record highs in early 2024. Continued optimism for artificial intelligence (AI) technologies has continued to drive up technology stocks -- a trend that is playing a key role in this stock rally.
Many of these stocks, however, can see some retracement on the back of profit-taking at the end of the earnings season. This pullback can present an attractive opportunity for long-term investors to pick stakes up in high-quality and fundamentally strong AI stocks like Super Micro Computer (NASDAQ: SMCI) and Broadcom (NASDAQ: AVGO).
Here's why these stocks are smart buys now.
Source Fool.com
Broadcom Ltd. Stock
€1,287.2
-0.480%
With 42 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1380 € there is a slightly positive potential of 7.21% for Broadcom Ltd. compared to the current price of 1287.2 €.
