3 Beaten-Down AI Chip Stocks to Consider Buying in the Sell-Off

AI chip stocks have experienced a significant sell-off due to concerns about whether AI spending will justify industry investments. The article examines three beaten-down chip stocks—Nvidia, ON Semiconductor, and Intel—as potential buying opportunities. Nvidia trades at 29x earnings with strong 85% revenue growth; ON Semiconductor fell 23% after announcing a $7 billion acquisition but shows signs of cyclical recovery; Intel has surged on turnaround efforts but remains unprofitable on a GAAP basis. The author favors Nvidia as the least risky of the three.