2 Soaring Stocks With More Upside Ahead to Buy and Hold
The rebound may have just begun for these two companies.
Overview
Software stocks are going through a rough patch. Some investors believe that many of their services will be replaced by artificial intelligence (AI). However, several software companies are showing that they can not only coexist with AI but also use the technology to improve their businesses. That's the case with Microsoft (NASDAQ: MSFT) and Shopify (NASDAQ: SHOP). Both companies recently soared following their quarterly updates. Here is why there may be more upside ahead.
Image source: The Motley Fool.
Microsoft was founded in 1975. Since then, it has had to navigate several important technological changes and revolutions that threatened its business. Yet, the company still stands. Microsoft has adapted and thrived through such periods of rapid change before, and, in my view, it can do the same again.
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Originally published at www.fool.com.