Wall Street loves to panic. Over the past 30 days, artificial intelligence (AI) stocks have endured a brutal correction as investors suddenly remembered that valuations matter.
But here's what the fearful crowd is missing: The infrastructure buildout powering AI is accelerating, not slowing. For long-term investors willing to buy when others are selling, this sell-off has created genuine bargains across the AI landscape.
Here is a brief overview of 10 top AI stocks I'd buy right now.
Image source: Getty Images.
1. The chip rival Nvidia didn't see coming
Alphabet (GOOGL 1.08%) (GOOG 1.04%) operates Google Search, YouTube, and Google Cloud. The company has emerged as Nvidia's (NVDA +1.42%) most formidable rival thanks to its Tensor Processing Unit (TPU) chips. A near-$4 trillion market cap, combined with dominant positions in both AI software and hardware, makes this a must-own name.
NASDAQ: GOOG
Key Data Points
2. Voice AI's pure play
SoundHound AI (SOUN 1.00%) develops conversational AI software for restaurants and automotive and customer service applications. The company powers voice assistants for major brands seeking to automate customer interactions. The recent pullback offers an attractive entry point into one of the few pure-play voice AI stocks.
3. Powering Nvidia's next-gen data centers
Navitas Semiconductor (NVTS +4.05%) designs gallium nitride (GaN) and silicon carbide power semiconductors. Its chips support the 800-volt architecture Nvidia needs for next-generation graphics processing unit (GPU) data centers. This strategy leverages exposure to AI infrastructure at a fraction of the cost of larger chip valuations.
4. From Bitcoin to AI billions
Applied Digital (APLD +5.12%) builds and operates high-performance data centers for AI workloads. The company has pivoted from Bitcoin mining to become a major landlord for AI cloud providers, such as CoreWeave (CRWV +4.33%). Locked-in, long-term leases provide revenue visibility that most AI infrastructure plays can't match.
5. The undisputed AI kingpin
Nvidia designs GPUs and networking equipment that power virtually every major AI workload. The company's Blackwell chips represent the gold standard for AI computing. Despite a stellar run over the past three years, the stock remains reasonably priced at just 22 times projected fiscal 2028 earnings.
6. Microsoft's $9.7 billion bet
IREN (IREN +2.06%) operates renewable-powered data centers providing GPU cloud services. The company has pivoted from Bitcoin mining to AI infrastructure, landing a massive contract with Microsoft. Cheap power access and hyperscaler validation make this an asymmetric bet.
7. The neocloud rocket ship
Nebius Group (NBIS +6.54%) offers comprehensive AI infrastructure solutions, encompassing GPU clusters and cloud platforms. The company has secured approximately $20 billion in combined contracts with Microsoft and Meta Platforms. Few independent AI cloud providers have this level of hyperscaler validation.
NASDAQ: NBIS
Key Data Points
8. A top cloud platform provider
CoreWeave operates a specialized cloud platform purpose-built for AI training and inference. The company has locked in tens of billions in committed revenue from OpenAI, Meta Platforms, and Nvidia. The recent sell-off has created an attractive entry point for investors willing to stomach volatility.
9. The irreplaceable chipmaking backbone
ASML Holding (ASML +3.92%) manufactures extreme ultraviolet (EUV) lithography machines for advanced semiconductor production. No AI chip can be made at leading-edge nodes without ASML's equipment. This monopoly position offers defensive AI exposure with less volatility.
10. The $100 billion data center play
Advanced Micro Devices (AMD +3.94%) designs CPUs and GPUs for data centers, gaming, and PCs. The company's Instinct accelerators are gaining traction as enterprises seek alternatives to Nvidia. AMD offers a compelling way to play AI at a more reasonable valuation.
NASDAQ: AMD
Key Data Points
The sell-off is the opportunity
The market's sudden caution toward AI stocks reflects healthy skepticism -- not a change in the underlying demand picture. Hyperscaler capital expenditure continues to surge, contracted backlogs keep expanding, and the race to build AI infrastructure is intensifying.
For investors with a multiyear time horizon, buying quality AI names during a fear-driven pullback is exactly how generational wealth gets built.
