Got $3,000? 3 Artificial Intelligence (AI) Stocks to Buy and Hold for the Long Term
There has been no shortage of artificial intelligence (AI) talk in the past two years. In fact, some would probably argue that there has been too much AI talk recently. Whether it's social media, company earnings reports, or financial media, there hasn't been a hotter topic in the tech and business world than AI.
For companies, AI has the chance to improve efficiency and increase innovation. For investors, AI presents a unique opportunity to capitalize on the growth of the technology. If you're part of the latter group and have $3,000 available to invest, putting $1,000 into each of these three stocks is a choice that could pay off well in the long run.
(NASDAQ: MSFT) has taken a smart approach to AI, developing a strategic partnership with OpenAI, the developer of the ultra-popular ChatGPT. The partnership between the two involves a trade-off: OpenAI gets to use Microsoft's cloud platform, Azure, for its infrastructure and computing ability, and Microsoft gets to integrate OpenAI's AI models into its products and services.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 109 Buy predictions and 2 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 12.22% for Microsoft Corp. compared to the current price of 379.6 €.
