Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
Technology stocks have been powering the market higher in recent years, led by powerful trends such as artificial intelligence (AI). Let's look at three of these tech stocks and discuss the reasons why they might be good options to buy and hold for the long term.
No company has been a bigger winner from AI than chipmaker Nvidia (NASDAQ: NVDA), and there is good reason to believe that the company and its shareholders will continue to benefit from current AI trends well into the future.
Nvidia's graphic processing units (GPUs) are the main force powering AI training and inference needed to power AI applications. While not the only GPU maker, the company's chips have become the industry standard as programmers are generally trained using its CUDA software platform. This in turn has helped create a wide moat for the company, as it would be time-consuming and thus costly to have programmers learn other platforms.
Source Fool.com
