A Bull Market Is Coming: 1 Unstoppable Artificial Intelligence Growth Stock to Buy Hand Over Fist and Hold Forever
After suffering through the worst market downturn in over a decade, investors are cautiously optimistic that 2023 will turn out differently. And thus far, anyway, there are reasons to be hopeful. Each major stock market index has rebounded by 20% or more from their troughs reached late last year. This has some pundits announcing the start of the next bull market, though not everyone agrees.
Helping to fuel the market recovery are extraordinary advances in artificial intelligence (AI). The next generation of large language models have been trained on increasingly large amounts of data, and the generative AI that results can create original content and handle tasks previously conducted by humans. While estimates vary, experts agree that the resulting productivity gains could add trillions of dollars to the economy by the end of the decade, which could ultimately drive stock prices higher.
These potential gains have investors scrambling to find the stocks best positioned to profit from the AI boom, and arguably no company is better situated than Nvidia (NASDAQ: NVDA).
Source Fool.com
