The rapid adoption of artificial intelligence (AI) is expected to give the global economy a big boost in the long run, with PricewaterhouseCoopers (PwC) estimating that this technology could contribute a whopping $15.7 trillion, or 14%, to the global gross domestic product (GDP) by 2030.

PwC points out that AI-focused economic gains will be driven by an improvement in productivity, as well as new products that are likely to boost consumer demand. Not surprisingly, investors have been buying AI stocks hand over fist over the past year to take advantage of this huge end-market opportunity.

More importantly, the massive economic potential of AI suggests that buying and holding solid AI stocks for a really long time could give investors impressive returns, as they will be able to benefit from the power of compounding while capitalizing on a rapidly growing market.

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Source Fool.com