From Nasdaq:

The artificial intelligence (AI) market is projected to grow at a compound annual rate of 37% through 2030, reaching nearly $2 trillion by the end of the decade. AI is poised to revolutionize sectors like healthcare, consumer tech, and autonomous vehicles, offering significant investment opportunities for companies prepared to capitalize on the burgeoning industry.

Nvidia is a leading AI stock, securing a dominant market share of 80-95% in AI GPUs. The company’s strong financial performance, with more than $17 billion in free cash flow, and soaring chip sales have propelled its stock up over 215%, making it a promising long-term investment amidst consistently rising demand for its AI GPUs.

Amazon has experienced a 65% stock increase since last February, largely due to its significant financial growth and promising prospects in AI. The company’s fourth-quarter results showcased a 14% year-over-year revenue increase to $170 billion, while its fourth-quarter earnings per share surpassed Wall Street estimates.

With AWS accounting for 67% of Amazon’s operating income and projected earnings to increase by around 65% by fiscal 2026, Amazon is positioned as one of the best AI stocks to buy now and hold for the next decade and beyond. The ongoing expansion of AWS’ AI services presents a compelling opportunity for consistent earnings growth.

Amazon and Nvidia are poised as top AI stocks to buy and hold for the next decade, both showing strong financial performances and promising future projections. This growth in AI presents ample opportunities for investors to benefit from the evolving technological landscape.



Read more: 2 Artificial Intelligence (AI) Stocks You Can Buy and Hold for the Next Decade