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That's partly why the tech-heavy Nasdaq Composite is down about 8% from its all-time high (as of writing), which it hit late last year, lagging the two other major U.S. market indexes over this period. However, this has created attractive opportunities to invest in quality tech stocks on the dip. Here are two that should be on investors' lists: Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META). Image source: Getty Images.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »Microsoft's shares began to decline before any of the recent volatility surrounding geopolitical tensions. Investors are increasingly worried that its runaway investments in artificial intelligence (AI) won't pay off, and according to many, it hasn't in recent quarters, with Microsoft Azure growth coming in strong -- but not quite as strong as some expected. But those bullish on AI should double down on Microsoft, especially at current levels. Here are three reasons why. First, as CEO Satya Nadella said: "We are in the beginning phases of AI diffusion and its broad GDP impact. Our TAM [Total Addressable Market] will grow substantially across every layer of the tech stack as this diffusion accelerates and spreads."This large opportunity could be a massive tailwind for Microsoft for years to come as the company continues to integrate AI across its business. Microsoft's Copilot, an AI-powered virtual helper of sorts that includes video and image generation capabilities, is now part of Microsoft 365. Microsoft offers a wide range of other AI products and services through the cloud, including some of the leading large language models.Second, despite what appears to be heavy spending, the tech giant generates plenty of cash and has even more to pour into R&D to remain one of the leaders in AI. Microsoft generated $77.4 billion in free cash flow over the past 12 months. Third, Microsoft's shares currently look fairly valued when compared to its peers in the Magnificent Seven. Microsoft's forward price-to-earnings (P/E) ratio is in the bottom half compared with these leading tech companies.MSFT PE Ratio (Forward) ChartMSFT PE Ratio (Forward) data by YChartsNow, the stock could remain volatile in the short-term, especially if we officially enter a recession, geopolitical issues intensify, or other headwinds arise. However, those in it for the long haul should seriously consider purchasing Microsoft's shares at current levels. Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersMETA Meta Platforms, Inc. 547.30 -47.59 (-8.00%)RDDT Reddit, Inc. 124.55 -15.09 (-10.80%)BTC-USD Bitcoin USD 68,383.27 -2,434.62 (-3.44%)KOD Kodiak Sciences Inc. 39.29 +16.53 (+72.68%)SNAP Snap Inc. 3.9350 -0.5550 (-12.36%)PortfolioSign in to access your portfolioSign inTop gainersKOD Kodiak Sciences Inc. 39.29 +16.54 (+72.70%)NAVN Navan, Inc. 12.56 +3.41 (+37.27%)CAR Avis Budget Group, Inc. 142.34 +18.78 (+15.20%)ELVN Enliven Therapeutics, Inc. 40.20 +4.67 (+13.14%)NEXT NextDecade Corporation 8.21 +0.87 (+11.85%)Top losersPONY Pony AI Inc. 9.58 -1.81 (-15.89%)VICR Vicor Corporation 160.84 -25.16 (-13.53%)AAOI Applied Optoelectronics, Inc. 99.36 -15.05 (-13.15%)AXTI AXT, Inc. 59.22 -8.13 (-12.07%)ALM Almonty Industries Inc. 14.43 -1.91 (-11.69%)Most activeNVDA NVIDIA Corporation 172.33 -6.35 (-3.55%)MARA MARA Holdings, Inc. 8.67 +0.39 (+4.65%)SNAP Snap Inc. 3.9200 -0.5700 (-12.69%)INTC Intel Corporation 44.30 -2.89 (-6.11%)ONDS Ondas Inc. 9.63 -0.68 (-6.60%)Top economic eventsEarnings eventsMy earnings eventsEarnings events