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.

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Source Fool.com