2 Artificial Intelligence (AI) Stocks to Buy and Hold for Great Long-Term Potential
From Nasdaq: 2024-06-11 08:05:00
1. OpenAI’s ChatGPT launch in 2022 has reignited interest in AI, with potential applications in self-driving cars, e-commerce, and more industries.
2. Nasdaq’s Tech Sector has grown 33% over the past year, driven by AI companies like Nvidia and Intel.
3. Nvidia’s stock has surged over 210% due to its AI GPU market share, making it a valuable long-term investment.
4. Intel’s shift to a foundry model for chip manufacturing could position it as a key player in the AI market, with a lower forward P/E than Nvidia or AMD.
5. Consider investing in Nvidia with guidance from The Motley Fool, but note that it was not named among the 10 best stocks for investors at this time.
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