Got $5,000? 2 Tech Stocks to Buy and Hold for the Long Term
Investors who find themselves with $5,000 of available capital to invest not needed for monthly bills, short-term debt, and/or an emergency fund are in a great position right now. The 2022 bear market is winding down, and even if investors missed out on buying in at the bottom of the latest bear on many stocks, tech stocks are still trading off from highs and have more room for recovery and growth.
And while many artificial intelligence (AI) stocks caught fire this year, others are warming up more slowly. That means investors still have time to profit by putting their $5,000 to work with AI-related stocks like Advanced Micro Devices (NASDAQ: AMD) and UiPath (NYSE: PATH). Let's find out a bit more about why these two tech stocks are great buy-and-hold candidates.
Admittedly, AMD's prospects may not look as bright when compared to Nvidia and its dominance in AI chips. This is especially true since AMD only recently released its first chip designed explicitly for AI, the AMD Instinct MI300 chip.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 88 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 28.88% for Advanced Micro Devices Inc. compared to the current price of 136.56 €.
