2 Top Artificial Intelligence (AI) Stocks to Buy and Hold Forever
Analysts at Bloomberg Intelligence expect the generative artificial intelligence (AI) market to grow at a compound annual rate of 42% to $1.3 trillion by 2032 as more companies get involved. E-commerce giant Amazon (NASDAQ: AMZN) and online search leader Alphabet (NASDAQ: GOOGL) are industry front-runners as they incorporate the technology into their consumer-facing platforms and cloud computing segments.
Let's explore what these new revenue streams could mean for long-term investors.
Starting as an online bookstore before becoming a diversified e-commerce giant that earns most of its profits from cloud computing, Amazon has a long track record of reinventing itself by pivoting to new opportunities. From the looks of it, generative AI will be no exception as the company incorporates the technology into many aspects of its operations.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 95 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a slightly positive potential of 15.07% compared to the current price of 153.82 € for Alphabet Inc. A.
