2 Artificial Intelligence Stocks You Can Buy and Hold for the Next Decade
If you ever wondered what it would feel like to invest in Amazon (NASDAQ: AMZN) 20 years ago, investing in companies focused on artificial intelligence today has the potential to reproduce that feeling. Research firm International Data Corporation, which is owned by The Blackstone Group (NYSE: BX), expects that global AI spending will jump from $328 billion in 2021 to more than $554 billion in 2024, a compound annual growth rate (CAGR) of 17.5%.
AI is quickly modernizing dozens of industries, making them more efficient. Two industries in particular, insurance and business automation, are being disrupted by two companies focusing on using AI and machine learning to optimize efficiency: Lemonade (NYSE: LMND) and UiPath (NYSE: PATH). And if investors hold these companies for the next decade and longer, they could see incredible returns.
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Source Fool.com
