The S&P 500 is off just 7% from a record high, putting the benchmark index on the brink of bull market territory. That threshold is noteworthy because the S&P 500 returned an average of 285% during the last five bull markets, according to Yardeni Research, and many stocks will undoubtedly climb much higher during the next one.

With that in mind, artificial intelligence (AI) has been making waves from Main Street to Wall Street, and it will likely be a key growth driver during the next bull market. Indeed, Precedence Research expects AI software sales to increase by 23% annually to reach $1.1 trillion by 2032.

Here are two remarkable AI growth stocks to buy now and hold long-term.

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Source Fool.com