This Artificial Intelligence Stock Plays an Important Role in Chip Production, but It's Down 14% in 12 Months. Could It Be a Bargain Buy?

The demand for artificial intelligence (AI) products and services remains strong. Tech companies have reported earnings recently, and they still remain committed to investing heavily in AI, in an effort to grow their businesses and take advantage of next-gen technologies. You might be tempted to invest in leading AI chipmaker Nvidia and other highly valued stocks to capitalize on these growth opportunities, but there may potentially be a better, more underrated option available. One stock that's been sliding over the past year but that is critical in AI chip development is ASML (NASDAQ: ASML). It may be one of the best buys out there right now.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool