Ready to Invest in Artificial Intelligence in 2024? 2 Stocks to Buy and Hold for Decades (Hint: They're Not Nvidia)
Artificial intelligence (AI) is probably the most talked-about investment area right now -- and for good reason. The AI market is expected to expand at a double-digit compound annual growth rate over the next few years to reach more than $1 trillion by 2030. That means many companies -- and those who invest in them -- may benefit.
On top of this, AI is generating excitement because it offers concrete examples of how it could save companies time and money. For example, it can streamline processes or help a pharmaceutical company develop drugs more quickly. So, it's easy to understand the importance of this technology. And that means you may want to start investing in AI players in 2024, in the early days of this high-growth story.
Nvidia, the world's leading AI chipmaker, might seem like the obvious choice -- but this high-flying stock isn't the only game in town. In fact, two other AI players make fantastic stocks to buy and hold for decades thanks to their investments in AI -- and the potential for this technology to boost their earnings over time. Let's check them out.
Source Fool.com
