2 Artificial Intelligence (AI) Stocks You Can Buy and Hold for the Next Decade
Generative artificial intelligence (AI) is expected to contribute significantly to the global economy over the next decade by driving productivity gains across multiple industries. Goldman Sachs estimates that adoption of the technology could boost global GDP by 7% (or $7 trillion) over a 10-year period.
That's why now would be a good time for investors to load up on AI stocks that could benefit from this massive growth opportunity. (NASDAQ: MSFT) and The Trade Desk (NASDAQ: TTD) are two such companies that are likely to win big from different applications of AI.
Microsoft has established itself as an early mover in the AI market thanks to its investment in OpenAI, creator of the popular chatbot ChatGPT, which set the record for the fastest-growing app in history by clocking an active user base of 100 million just two months after its launch. Those investments have opened a healthy long-term growth opportunity for Microsoft, as the global chatbot market is estimated to grow at an annualized rate of 21% over the next decade to an expected $32 billion in annual revenue by 2032.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 111 Buy predictions and 1 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 13.28% for Microsoft Corp. compared to the current price of 374.3 €.
