The artificial intelligence story is still red hot.

Granted, some of the AI tech leaders pulled back in recent weeks, but that weakness is an opportunity – especially as AI grows.

Look at Nvidia (NVDA), for example.

The company – which provides the building blocks for AI – is just starting to pivot from its 200-day moving average to the upside. In fact, from its last traded price of $122.85, we’d like to see it retest $130 near term.

Plus, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.

That being said, you may want to take advantage of the weakness in stocks like:

Nvidia (NVDA)

Again, Nvidia (NVDA) is the pioneering force behind AI.

It’s also wildly oversold at $130.68, and is attempting to pivot higher.

Analysts at William Blair also just said, “The rising AI tide has catapulted parallel computing to the forefront of the tech industry and has driven massive demand for the company’s GPUs and parallel computing stack. As evidence, Nvidia’s data center revenue grew 217% in fiscal 2024 and is expected to grow 132% in fiscal 2025, exceeding $110 billion in revenue (up dramatically from $15 billion in fiscal 2023),” as quoted by TipRanks.com.

Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) is also incredibly oversold.

A bargain at less than $120, AMD’s technology and its earnings potential is being severely undervalued by the market – especially with its new patent that could revolutionize artificial intelligence graphics processing unit (GPU) technology.

In addition, AMD is exposed to a multi-billion-dollar addressable market for data center AI chips. In fact, according to company Chair and CEO Lisa Su, that addressable market for AI chips will reach $500 billion by 2028, which is up from her prior estimate for $400 billion by the time 2027 rolls around.