The global semiconductor manufacturing equipment and materials industry is growing by leaps and bounds, buoyed by artificial intelligence (AI)-driven capital expenditure in leading-edge logic, high-bandwidth memory (“HBM”) and Test and Packaging components.

Moreover, the enormous application of AI in day-to-day life has pushed up the demand for memory chips. This has resulted in more AI semiconductor sales, implying the need for multiple AI memory chips to operate.

Here, we have selected two AI-powered infrastructure stocks that have suffered a sharp downtrend in the past month. However, their strong business model, solid estimate revisions and a favorable Zacks Rank will enable these stocks to remain on their northward trajectory.