3 Dividend Stocks Making Inroads in Artificial Intelligence (AI) in 2024
Tech stocks are more known for their long-term growth than their dividends, as many of the industry's top performers either have no dividend to speak of or offer a relatively small one. However, even a small dividend can be a nice bonus on top of reliable price appreciation.
The tech-driven Nasdaq Composite index has soared about 289% over the last 10 years, with much of its recent growth fueled by a surge in artificial intelligence (AI). That technology has massive growth potential in the coming years, projected to reach nearly $2 trillion in spending by 2030. Meanwhile, some of the biggest players in the market offer dividends that, consistently reinvested, could expand your positions in this hypergrowth industry.
As a result, a dividend-paying AI stock could offer the best of both worlds: significant long-term growth and a cash bonus. So, here are three dividend stocks making inroads in AI in 2024.
Source Fool.com
