3 Artificial Intelligence Stocks to Buy Before the Market Recovers

Group 1: Market Overview - The stock market has experienced volatility this year, with potential for further declines if a recession occurs [1] - Artificial intelligence (AI) is identified as a promising long-term investment area, suggesting that now may be a good time to buy top AI stocks at discounted valuations [2] Group 2: Company Analysis Alphabet - Alphabet is considered an underrated AI stock, with shares down 16% year to date [4] - The company possesses vast amounts of data through platforms like YouTube and Google Search, which can enhance its AI capabilities [4] - Trading at 20 times trailing earnings, Alphabet generated $100 billion in profit last year, representing 29% of its revenue, making it an attractive buy for AI investors [5] Advanced Micro Devices (AMD) - AMD is viewed as a strong AI investment despite competition from Nvidia, which currently dominates the chip market [6] - The company is expected to capture significant market share as AI adoption increases, with CEO Lisa Su projecting AI chip revenue to grow to tens of billions of dollars [7][8] - AMD's stock is down over 20% year to date, presenting a potential buying opportunity for long-term investors [8] ASML Holding - ASML is a key player in the semiconductor industry, specializing in photolithography machines essential for advanced chip production [9] - The company has a strong competitive position as the main provider of extreme ultraviolet lithography machines, making it a valuable investment for AI-focused investors [10] - Sales have grown by 52% over the past three years, and while the stock is down 3% since January, it has decreased more than 30% over the past 12 months [10] - Currently trading at 32 times trailing earnings, ASML's long-term prospects appear promising [11]