2 Artificial Intelligence (AI) Stocks to Buy on the Dip

Artificial intelligence (AI) is all the rage these days. Since OpenAI’s breakthrough with ChatGPT, companies are racing to cash in on this fast-growing market. Investors can also profit from Wall Street’s newest obsession by buying shares of companies that look likely to ride this wave for a while.

Here are two examples: Amazon (NASDAQ: AMZN) and Fiverr (NYSE: FVRR). The former is down big time over the past month, while the latter has been struggling for much longer. However, both could move in the right direction over the long run.

On Aug. 5, equity markets suffered their worst day in nearly two years. Amazon did not escape the sell-off, although, in fairness, the company’s shares were declining even before that. Over the past month, the tech giant’s stock is down almost 13% — a massive dip for a company worth $1.79 trillion. However, in five years, hardly anyone will remember this moment. Amazon should bounce back and still perform well over the long run, partly thanks to its work in AI, which is helping boost its most profitable segment: Amazon Web Services (AWS).

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