“Generational wealth” is a goal for many investors, aiming to leave substantial money for loved ones. Stocks providing consistent, market-beating returns are key for this. A 13% yearly return on $1 million can grow to $39.1 million over 30 years, highlighting the importance of outperforming the market by a few percentage points.

Nvidia and Taiwan Semiconductor are prime examples of companies benefitting from AI growth. Nvidia’s GPUs dominate AI training, while TSMC leads in chip production. Both firms are poised for significant growth, with Nvidia eyeing $200 billion in data center revenue by 2028 and TSMC projecting a 45% CAGR in AI-related revenue.

Investing in Nvidia and TSMC could lead to substantial returns, with both companies set to capitalize on the AI boom. Nvidia’s data center sales and TSMC’s chip production capabilities position them well for future growth. As the AI buildout cycle continues, these stocks could deliver impressive results for investors seeking generational wealth. 1. The stock market experienced a sharp decline, with the S&P 500 dropping by 3.5% due to concerns over rising inflation rates and interest rates.

2. The unemployment rate has decreased to 4.8%, marking a significant improvement from the previous month and signaling a potential rebound in the job market.

3. The latest data shows that consumer spending has increased by 2% in the past month, indicating a strong recovery in the economy post-pandemic.

4. The housing market continues to boom, with home prices increasing by 10% compared to last year, driven by high demand and low inventory.

5. In international news, tensions have escalated between two countries over territorial disputes, raising concerns about the potential for military conflict in the region.

6. A new study has found that the COVID-19 vaccine is 95% effective in preventing severe illness and death, providing hope for a return to normalcy in the near future.

Read more at Nasdaq: 2 Phenomenal AI Stocks That Can Create Generational Wealth