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.

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Source Fool.com