Time to Buy the Dip in Chip Stocks? Here are the 2 Names I'd Buy First

The debate over whether chip stocks offer a “dip to buy” centers on long-term positioning for the next three to five years of AI-driven demand, after high volatility in recent months. The article argues that sharp, down-to-up reversals—citing a Thursday session where semiconductors surged and punished short sellers—can create opportunities for investors building positions rather than chasing quick profits. It references prior JPMorgan work suggesting buyers could step in during a bear-market pullback. Among the names discussed, ASML is highlighted for its role in EUV lithography machines, described as essential equipment for chip production. The piece also notes ASML is preparing High-NA EUV systems and cites a cost figure “around $400 million” for such machines. Despite saying ASML shares have risen 125% over the past year, the article frames the latest roughly 10% move as a buying point.