Golden Opportunity to Buy 3 AI-Focused Stocks on the Recent Dip
September syndrome is already visible in U.S. stock markets. Historically, September is the worst-performing month for Wall Street. This year, too, the situation remains challenging. In the first four trading days of this month, the three major indexes — the Dow, the S&P 500 and the Nasdaq Composite — tumbled 2.9%, 4.2% and 5.8%, respectively.The extremely overvalued artificial intelligence stocks suffered the maximum brunt of a recent stock market meltdown. Despite the recent mayhem, the AI frenzy remains intact. So far, no negative news appears for the generative AI ecosystem. Therefore, this meltdown provides a lucrative opportunity to enter AI-centric stocks on the dip for near-term gains.TSM is the largest manufacturer of NVIDIA Corp.’s NVDA chipsets. NVIDIA is globally the largest developers of generative AI-based chips. TSM also caters to Advanced Micro Devices Inc. AMD and Intel Corp. INTC to name a few.