Got $1,000? 2 Artificial Intelligence (AI) Stocks to Buy Right Now and Hold for the Next Decade.
Cloud computing will be a huge long-term beneficiary of the AI buildout.
Overview
Finding stocks to buy and hold over the next decade is no easy task. If you rewind to mid-2016, could you have predicted all of the various notable events that occurred over the next few years: COVID-19, the rise of generative AI, presidential election results, or wars? I doubt it.
However, a few somewhat predictable items have panned out. One of those is cloud computing, which was just starting to pick up momentum in 2016 and turned out to be a great business over the next decade. I think there are a ton of signs that cloud computing will remain a strong business over the next decade-plus, driven by AI workloads that come online.
Details
Two of my favorite stocks in this industry are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT). Both of these are major cloud computing providers, and I think that each makes for a solid investment right now.
Source
Originally published at www.fool.com.