2 No-Brainer Artificial Intelligence (AI) Stocks to Buy with $500 and Hold for 10 Years
The U.S. stock market has made a remarkable turnaround in 2023 from its once-in-a-decade low in 2022. The benchmark S 500 index is already up nearly 28% from its bear-market low of October 2022. The benchmark index now needs to climb by less than 5% to create an all-time high. Once this happens, we can conclusively announce the beginning of a new bull market.
In such a favorable macroeconomic environment, it makes sense for investors to pick up stakes in high-quality stocks benefiting from rising secular tailwinds. With artificial intelligence (AI) emerging as the hottest trend of 2023, investors should consider shares of Palantir Technologies (NYSE: PLTR) and (NASDAQ: GOOG) (NASDAQ: GOOGL). Both are using AI technologies to not only strengthen their core businesses but also add new revenue streams.
So in case you have $500 that is not needed to pay bills or other contingencies, consider buying and holding these stocks for the next decade.
Source Fool.com
Alphabet Inc. A Stock
With 95 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 15.07% for Alphabet Inc. A compared to the current price of 153.82 €.
