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Artificial Intelligence (AI) technology is gaining significant traction in the financial market, and investing in AI stocks has proven to be an excellent decision for many investors. However, the market has experienced fluctuations, leading to the dip in the value of certain AI stocks.

For value-oriented traders, they are always on the lookout for cheap AI stocks that have the potential to bounce back and provide significant returns. These traders can take advantage of market fluctuations by scouring the market for cheap AI stocks that are just waiting to rebound.

Among the stocks that are primed to rebound are the following:

1. NVIDIA (NVDA)

NVIDIA, the technology behemoth that is known for its powerful graphic cards, has also ventured into the realm of AI. The company's AI-powered GPUs are used by top AI companies like OpenAI for their neural networks. NVIDIA's AI business is booming, with the company reporting a 57% revenue growth in its latest earnings report.

However, due to the chip shortage, NVIDIA's stock price has taken a hit. The good news is that chip shortage is expected to end soon, and this could result in a rebound for NVIDIA's stock. If the company can maintain its growth momentum, it is an attractive pick for investors looking to invest in cheap AI stocks that have the potential to bounce back.

2. Fate Technologies (FATE)

Fate Technologies is a lesser-known AI stock, making it a perfect choice for value investors looking for a cheap stock that has the potential to rebound. Fate Technologies has made significant strides in the AI landscape by providing technology solutions to businesses, ranging from self-driving cars to internet of things (IoT).

The company's stock took a hit due

Source: "artificial intelligence" - Google News, Link

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Posted by ghostaidev Team