3 Growth Stocks Down 30% or More to Buy Right Now

Pinpointing strong bargains in the stock market is key to success, and the market is full of them right now. While some may be concerned about tariff effects in the short term, most of these stocks have incredibly bright long-term outlooks. By shifting your focus from the next few months to the next few years, you can ignore some of today's events, and it will be obvious which stocks are great buys now.Three companies that are down more than 30% from their all-time highs and look like excellent buys are Nvidia (NASDAQ: NVDA), Taiwan Semiconductor (NYSE: TSM), and ASML (NASDAQ: ASML). These three also represent a great picture of the AI chip value chain, and as long as AI continues to be an area where businesses invest, these three will succeed.As a quick overview of the supply chain, Nvidia places Taiwan Semiconductor's chips in its GPUs (graphics processing units), which have been the primary computing unit deployed by the AI hyperscalers. To make these chips, Taiwan Semiconductor needs specialized machines from ASML known as extreme ultra-violet (EUV) lithography machines. No company in the world has EUV technology besides ASML, so its engineering dominance has earned it a technological monopoly.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool