New Delhi, Oct. 17 -- "Yikes."

This past week, investors questioned some of the core ideas undergirding the artificial-intelligence trade, and the market action got ugly. That could make this a golden opportunity to buy the dip in chips and other AI enablers.

We're not trying to minimize the concerns. The spectacular rise in interest rates-which saw the 10-year Treasury yield hitting 5.36% earlier this month before cooling off-has led to increasing skepticism about the outlook for debt-reliant companies. CoreWeave, which rents out computing capacity to AI model companies, saw the yields on its bonds rise to above 15% (and its stock plunge by about 25% on the week), which earned that "yikes" from the world's first trillionaire.

"This is...