Nasdaq Sell-Off: 2 Tech Stocks Down 58% to 86% to Buy Right Now

Market Overview - The Nasdaq Composite Index experienced a 4% drop on March 10, marking the worst one-day decline since fall 2022, which may be alarming for newer investors [1] Company Analysis: AMD - AMD has transformed into a diversified semiconductor company, designing chips for various applications including data centers and gaming systems [3] - Despite trailing behind Nvidia in the AI accelerator market and struggling in the gaming segment, AMD's financials are improving, with 80% of its business growing rapidly [4][6] - In Q4 2024, AMD reported revenue of $7.7 billion, a 24% year-over-year increase, with the data center segment experiencing a 69% revenue increase [5] - The client segment, which produces PC chips, accounted for about 30% of revenue and saw a 58% rise [5] - AMD's trailing P/E ratio is around 98, but the forward P/E ratio is about 21, indicating potential for recovery as the market recognizes AMD as a growth stock [7] Company Analysis: Roku - Roku's recovery story may seem less convincing compared to AMD, with the stock down 86% from its 2021 peak, raising concerns about profitability [8] - The shift from traditional TV to streaming continues to benefit Roku, which derives most of its revenue from advertising [9] - Roku's platform engagement is improving, with 90 million households on the platform, a 12% increase from last year, and streaming hours rising 18% [10] - In Q4 2024, Roku's revenue rose 22% year-over-year to$ 1.2 billion, with average revenue per user (ARPU) increasing by 4% to $41.92 [12] - Roku currently has no P/E ratio due to elusive profitability but trades at a low price-to-sales (P/S) ratio of 2.5, suggesting potential for stock recovery as ARPU growth continues [13]