3 Core Artificial Intelligence (AI) Stocks to Buy With $1,000 Right Now and Hold for the Next Decade
The market is full of strong, long-term stock picks.
3 Core Artificial Intelligence (AI) Stocks to Buy With $1,000 Right Now and Hold for the Next Decade
Overview
Finding stocks that are nearly set-it-and-forget-it options is nice for many investors. Instead of buying a broad index fund and accepting market-average returns, identifying stocks that have the potential to beat the market over the next decade can be a phenomenal investment strategy. The key is to find companies that have long-term growth plans that position them to meet your return requirements. I think I've identified three such stocks in Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Amazon (NASDAQ: AMZN).
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Nvidia may be the most controversial stock on this list, but I think it's worth an inclusion. It makes graphics processing units (GPUs) that are the primary computing units deployed in data centers for artificial intelligence (AI) workloads. There have been investor worries since the start of the AI infrastructure build-out about what will happen to Nvidia's stock when this phase of the cycle wraps up. However, I think investors are looking at it the wrong way.
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Originally published at www.fool.com.
