🚀 AI STOCKS TO BUY NOW! 🚀

0:00 All right. All right. Yesterday we looked at spying the triple Q's and today I want to talk about the top three AI stocks that I'm looking at right now. I still think it's time to buy the dip in the market, especially in the indices. So, if the indices are going higher, I would expect to see these AI companies going higher as well. So, today I'll give you those three AI stocks and which levels to pay attention to, where to buy, and where to sell. And obviously, there's way more than three AI companies. I just want to highlight three today that I think have great riskreward at these prices. So before we get into that, the verse of the day will be Hebrews chapter 6 10. God is not unjust. He will not forget your work and the love you have shown him as you have helped his people and continue to help them. This verse is a great reminder that God is sovereign and just and you should never hesitate to help people that need help, even if they have nothing to give you back in return. If you are capable of helping somebody and you can clearly see they need to help, show them the same love that God has shown you and continue to build up that treasure in heaven. All right. So, the first company I want to look at is the author of artificial intelligence. This would be no other than Nvidia stock. And Nvidia has really gone much of nowhere this year. We've had a lot of range trading. And you can see right here that Nvidia has been making higher lows and higher highs, but it's also been chopping around within a range. And within this bull trend, I think we're getting at a very nice buying opportunity, which is going to be right around this support and trend line just above 209. Now, do we actually go all the way to 209 before this bull run continues? that we will only know given enough time because the other option is that we've already had the higher low and we're just going to continue to push higher above 218. So for Nvidia, you have a couple of things to pay attention to. Either the bull breakout above 218 or we are going to come all the way down to that support and test 209 and then from there in the short term look for a bounce towards 229. Now above 218 you're getting bullish on the bull breakout or near support you're getting bullish on a bounce off of that support zone at 209.

1:53 Obviously, there's always a bare scenario that we don't bounce off of that support. And in this event, don't just blindly buy the dip below 209. We would need to wait to see if we're going all the way back down to the bottom of the range right around 189 to 190. But what I think is more than likely is that we're either going to break above 218 and start heading higher now or bounce off of the support at 209 and then head higher in November. So either of these paths, I think, is the most likely. The bull breakout above 218 is an instant buy the breakout on the bullish strength. And then you're looking for the price target at 229 and then 235.

2:25 And if we continue to pull back, you're looking for that strong support right around 209 to hold. On the confirmation of a bounce, you would be looking for short-term targets at 218, 229, and then 235. Now, if you're looking to hold this trade for longer term, I do think this stock is going all the way up to the 260s. And that would look something like breaking above 245 and then getting into the 262 to 268 range. In an extremely bullish scenario, we would go all the way higher towards 279. And that would more than likely push us into quarter 1 of next year. So 218 on the bull breakout, 209 on the bullish support bounce. You are only getting bearish in Nvidia stock if it can't hold that support at 209 and shows clear sign from price that it's breaking down. All right, the next company I'm looking at for a very solid AI riskreward trade is Broadcom. The ticker here is AVGO.

3:14 And Broadcom is going to be very similar as Nvidia. We either need to get the bull breakout above 338 and then we're heading higher now or we are going to come down towards a support zone right around 316 and then start bouncing later. In the event 316 does not hold, that is the bearish outcome and that would mean that we're waiting to see if we get back down to that range bottom at 292. So for the bullish outcomes, it's very simple. Short-term, we need to break above 338 or we at least need to show that we're not going to make a lower low between 328. And if we do, we are looking for a support right around 316. Now, for this trade, I don't think this is a short-term trade. If you are looking to buy Broadcom, I personally think that you should not be selling this trade any earlier than 472. I am personally looking for brand new all-time highs above 500 with a price target all the way up here at 533. I do think this could take all the way into the middle of next year if it starts moving slowly, but more than likely the catalyst for this move will be the earnings report in December. And I think a lot of the strong earnings will start to be priced in before the earnings report, which means that we should have a very bullish second half of October and very bullish month of November. So for that reason, I think Broadcom is a good buy now. I think this is a great riskreward ratio. As you can see, if we are buying anywhere within this range at 328 and we are not selling until we at least get to 472, that gives us plenty of room for a three and a half risk ratio with plenty of support below to continue to hold this trade without seeing any breakdown in the chart of a lower low from the previous bull trend.

4:48 So, I love this trade. I think the riskreward is way too good to pass up. Possibly a little riskier than Nvidia stock, but I think the upside reward is a lot more. So obviously that risk and reward is tied together. A little more risk but a lot more reward. So if you're looking for a moderate risk trade and maybe you already own Nvidia, consider Broadcom here. And then finally, Micron stock. This has been the AI name of this year and it has gone through a full correction. The previous all-time high was just above 1,200. And from that all-time high, we had a full-blown correction of 40% when we came all the way back down into the 700s. And I do think the recent bull run that we had that put us at a high of 1100 in October. We have now had another full correction of 20% from that level. And I think the higher low is in somewhere between 843 and 900. And I personally think from here we will see brand new all-time highs if we give it enough time that will bring us at least into the 1300s possibly as high as even the 14- 1500s. So for Micron stock, stay bullish above this support at 843 and or the bull breakout above 909. Short-term targets would be 978 and 1017.

5:55 Longerterm targets would be 1124, the retest of the previous all-time high at 1233. And again, the brand new all-time high that I think would take us above 1300. If for any reason Micron starts breaking down below the 840s, that is your only sign from price that this trade is likely not going to work out and you should be getting a lot more cautious. But again, we don't have that scenario. It still looks like the higher low is in. We're getting a lots of bullish price action and buying in this zone, which is exactly where you would expect the buyers to be. And I think from here, we're going to see a very strong bull run that could take us all the way into early next year, but more than likely beginning right now. So, there is no reason to wait as long as we hold above this support. I think Micron is a great AI trade from here. So, these are my favorite three AI trades. Yes, there are many more. If you have other ideas that you think are better than these or you just want me to look at, go ahead and put them in the comments below and I'll take a look. But if I had to pick three, I think it would be these three right here. And I personally think it's going to be very difficult to find blue chip names like these with these riskword ratios. So this is just some of those trade ideas that come around few and far between. And these are trades I definitely would not want to miss out on. So good luck out there everybody.

7:02 God bless all of you and I will see you in the next episode.