2 AI Chip Stocks Down Over 20% to Buy Now

Concerns over tariffs and the potential impact on the economy have hit chip stocks particularly hard this year. The PHLX Semiconductor index is down 23% year to date, trailing the S&P 500's 10% decline at the time of this writing.Nvidia (NASDAQ: NVDA) shares fell last week after the company said that chip export restrictions to China will ding its bottom line by $5.5 billion when it reports first-quarter earnings results. This news also pulled down the shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), which makes chips for Nvidia and leading chip companies.The near-term outlook for the chip industry is cloudy right now, but for long-term investors, it's a golden opportunity to buy shares of the leaders at attractive valuations. Here's why Nvidia and Taiwan Semiconductor (or TSMC for short) should be at the top of your buy list.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool