A Bull Market May Be Coming: 2 AI Stocks to Buy Hand Over Fist Now
For the past few months, Wall Street has been divided on whether the year 2023 will end with a bull rally or a potential recession. However, popular opinion has slightly tipped in favor of the bullish camp, especially after the preliminary data from the Bureau of Economic Analysis indicated that U.S. real gross domestic product (real GDP, a measure of inflation-adjusted economic activity) grew at an annual rate of 4.9% in the third quarter -- the fastest it has grown in the past two years.
In either case, artificial intelligence (AI) continues to be the dominant investment theme of 2023. Since AI is getting deeply embedded in our daily lives and is definitely not a passing trend, it makes sense for investors to opt for stocks with proven and already monetized technologies.
Here's why Meta Platforms (NASDAQ: META) and Qualcomm (NASDAQ: QCOM) fit the bill and can prove to be attractive investments in the long run.
Source Fool.com
Qualcomm Inc. Stock
The stock is one of the favorites of our community with 36 Buy predictions and 1 Sell predictions.
With a target price of 172 € there is a slightly positive potential of 3.07% for Qualcomm Inc. compared to the current price of 166.88 €.
