Artificial Intelligence (AI) has undoubtedly been the major investment theme of 2023. Unsurprisingly, the improved investor sentiment will also positively impact several AI stocks. However, investors should only consider AI-powered companies with robust fundamentals and high-quality business models, especially if they are interested in long-term gains.

Here's why (NASDAQ: MSFT) and Snowflake (NYSE: SNOW) fit the bill.

Since the 90s, Microsoft's name has been synonymous with the Windows operating system and Office productivity suite. However, lately, the company has become more famous for its Azure cloud computing platform and partnership with ChatGPT developer OpenAI.

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Source Fool.com