2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade
Artificial intelligence (AI) is one of the hottest technology trends right now, and investors broadly are looking to invest in companies that could win big from this tech. That's natural, as AI has the ability to transform multiple industries and contribute significantly to the global economy over the next decade and beyond.
According to a forecast from Bloomberg Intelligence, the generative AI market could generate a whopping $1.3 trillion in revenue in 2032, accounting for 12% of all tech spending in that year. That would be a massive jump over this year's estimate of $137 billion in generative AI spending. With that outlook in mind, now would be a good time for investors to buy and hold shares of solid companies that are positioned to capitalize on the looming growth of this lucrative market.
Nvidia (NASDAQ: NVDA) and Palantir Technologies (NYSE: PLTR) are already taking advantage of this huge opportunity. While Nvidia's graphics processing units (GPUs) are critical hardware for training and powering large language models (LLMs), Palantir is helping customers integrate AI into their operations and use it to improve productivity with its software platform.
Source Fool.com
