A Bull Market Is Here: 2 Smart Stocks Down 35% and 60% to Buy Right Now

Group 1: Market Overview - Tech stocks have experienced significant growth in 2024, driven by demand for artificial intelligence (AI) and expectations of ongoing technological advancements [1][2] - The S&P 500 index has risen by 28% this year, while the Nasdaq Composite index has increased by 32% [2] Group 2: ASML Analysis - ASML is the leading provider of lithography machines essential for semiconductor fabrication, particularly in extreme ultraviolet lithography (EUL) [5][6] - Despite its market leadership, ASML's stock has declined by 35% from its peak due to geopolitical tensions affecting exports to China and demand weakness in lower-end chip markets [6][7] - ASML's technology is critical for manufacturing advanced AI chips, and its long-term performance is expected to yield substantial returns [8][9] Group 3: Cognex Analysis - Cognex specializes in machine vision equipment and solutions, with a long-term growth outlook despite a 60% decline in share price from its all-time high [10] - Recent demand weakness is attributed to a cyclical slowdown in key markets such as automotive and consumer electronics, exacerbated by rising interest rates [11][12] - The underlying demand for machine vision technology remains strong, with a projected annual growth rate target of 15% as automation adoption increases [13][14]