Since the launch of OpenAI's chatbot, ChatGPT, the focus on generative artificial intelligence (AI) has increased by leaps and bounds. In fact, the global generative AI market is estimated to grow annually at a compound average growth rate (CAGR) of nearly 80% from $1.75 billion in 2022 to $33 billion in 2027.

Not surprisingly, retail investors stand to benefit by picking up high-quality stocks that have exposure to this emerging tailwind. Here's why Meta Platforms (NASDAQ: META) and Datadog (NASDAQ: DDOG) fit the bill and can prove to be attractive buy-and-hold stocks in the ongoing AI boom.

Social media giant Meta Platforms has been a hot topic in 2023, with shares surging by nearly 148% so far this year. The growth seems even more impressive considering that the company's financial performance depends heavily on advertising -- a sector deeply affected by the current tough macroeconomic conditions. Investors have also been concerned about the company's heavy investments in the metaverse.

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Source Fool.com