A Bull Market Is Coming: 2 Incredibly Cheap Artificial Intelligence (AI) Stocks to Buy and Hold for the Next Decade
The stock market has been in recovery mode since the S 500 index hit a low on Oct. 12, 2022, with the index rising more than 24% since then thanks to resilient economic growth, cooling inflation, and a strong jobs market.
This impressive rally led some investors to believe that we are already in the midst of a bull market (bull market definitions vary and some say exceeding the previous high is also needed). What's more, Bank of America analysts expect the S 500 to hit the 5,000 level next year, which would translate into a 12.4% jump from current levels.
That's why now would be a good time for investors to add the likes of (NASDAQ: GOOG) (NASDAQ: GOOGL) and Taiwan Semiconductor Manufacturing (NYSE: TSM) to their portfolios -- two companies that could soar in the event of a bull market as they are on track to take advantage of the growing adoption of artificial intelligence (AI). Enthusiasm around AI turned out to be a key growth driver for the stock market in 2023, and the good part is that this technology is still in its early phases of growth.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 96 Buy predictions and no Sell predictions.
As a result the target price of 180 € shows a positive potential of 26.28% compared to the current price of 142.54 € for Alphabet Inc. A.
