Want to Get Richer? 5 Top Stocks to Buy Now and Hold Forever
Technology can be a challenging industry to invest in over the long term because of the constant innovation that threatens market leaders. However, it's not impossible. I've searched far and wide to identify a basket of dominant tech leaders that are best at what they do and aren't likely to give way to competition anytime soon.
The companies below are primarily established at this point but still offer potentially solid investment returns over the coming decades due to tailwinds still in their early stages. If you're willing to let elite industry leaders do the heavy lifting in your portfolio, consider looking into these five technology stocks.
Artificial intelligence (AI) stocks are all the rage today, and none have gotten more recognition than Nvidia (NASDAQ: NVDA). The semiconductor company built a business on gaming graphics processing units (GPUs) but has taken market share across industries that require dedicated GPUs for high-performance computing needs. That includes AI applications, where analysts estimate Nvidia commands an 80% to 95% market share.
Source Fool.com
