A New Bull Market Is Here. Here's 1 Artificial Intelligence (AI) Stock to Buy and Hold Forever
One of the biggest investment themes in 2023 was artificial intelligence (AI). Each of the "Magnificent Seven" stocks is playing a role in AI, and they helped fuel the Nasdaq Composite over 40% last year. This momentum seems to have carried over into 2024. The S 500 recently hit a new all-time high, and investors are probably wondering where they can find some value.
Among mega-cap tech enterprises, one in particular sticks out. E-commerce and cloud computing specialist Amazon (NASDAQ: AMZN) has a lot of exciting catalysts that I think are overlooked, relative to cohorts such as Microsoft, , and Nvidia.
Let's look at why scooping up shares in Amazon stock right now could be a lucrative opportunity.
Source Fool.com
Alphabet Inc. A Stock
€161.16
0.950%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 3.62% compared to the current price of 161.16 € for Alphabet Inc. A.
