Historically, the U.S. stock market is an excellent means of creating generational wealth, especially for long-term investors who hold on to their winning investments despite short-term noise. For example, $1,000 invested in the S 500 in 1950 would have grown to over $2.6 million by 2023, despite the multiple boom and bust cycles.

However, to benefit from the stock market's power of compounding, it is also essential for investors to choose high-quality stocks with strong fundamentals and robust growth prospects. Here's why Nvidia (NASDAQ: NVDA) and Meta Platforms (NASDAQ: META) fit the bill and can prove to be smart long-term buys now.

Previously famous for its graphics processing units (GPUs) and advanced gaming hardware, Nvidia is now better known for its indisputable leadership in the artificial intelligence (AI) market. Consumer internet companies, cloud service providers, and enterprises have been increasingly using Nvidia's GPUs, central processing units (CPUs), networking technologies, and AI-optimized software solutions to build the infrastructure needed for running power-hungry and complex generative AI applications.

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Source Fool.com