2 Artificial Intelligence (AI) Stocks to Buy and Hold Forever
Every now and then, some new investing trend sweeps through Wall Street like wildfire. In 2018, it was cannabis stocks that suddenly rose in popularity. In 2021, the metaverse attracted much of investors' attention. Now, artificial intelligence (AI) is the next big thing. AI is not new, but recent breakthroughs that led to generative AI apps like ChatGPT have sparked interest in the technology among investors.
Furthermore, AI is unlikely to be some fad that will eventually die down. While estimates vary, many analysts see the AI market expanding rapidly in the years ahead. Naturally, investors want to profit from it all. Two stocks that are great picks to do so are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META). These two tech giants are using AI to improve their businesses, pursue other growth avenues, and build solid economic moats.
Alphabet, the parent company of Google, used AI to improve its business for a while. The tech giant's efforts on that front include its recommendation algorithm on YouTube. While the details are complicated, YouTube collects data from users and content creators to send viewers the "best" video recommendations. And the more content users watch, the more accurate the AI-powered algorithm gets.
Source Fool.com
Alphabet Inc. A Aktie
Alphabet Inc. A als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das Kursziel von 179 € für Alphabet Inc. A zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 150.34 € an.
