2 AI Stocks That Could Help You Build Generational Wealth
Generational wealth is a common objective of stock investors. With the market's ability to generate long-term returns, it's an excellent place to preserve and grow wealth that can eventually be passed down to the next generation.
Generating significant long-term returns may have become a bit easier in the past year with the rise of artificial intelligence (AI) and its potential to grow businesses. The benefit of AI-driven applications is spreading into many diverse industries and exciting investors to the possibilities it can create. As a result, many AI-related stocks saw their prices rise significantly, especially when news came out about advances being made possible by Open AI's ChatGPT.
Two AI-related stocks that got fresh attention are Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Broadcom (NASDAQ: AVGO). Both of these stocks positioned themselves to drive wealth creation through the AI initiatives they are associated with. Let's take a closer look at what these two AI stocks are doing to build generational wealth for their investors.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a slightly positive potential of 13.75% compared to the current price of 158.24 € for Alphabet Inc. A.
