Key Points:
- Investors are searching for top AI stocks to buy and hold long-term
- Nvidia, Microsoft, and Alphabet are three AI stocks to watch in 2024
The search for top AI stocks to buy and hold long-term is still on this year. Nvidia, Microsoft, and Alphabet are three companies that investors should keep their eye on in 2024. These companies may be worth buying as long-term investments for those who will hold for five years or longer.
Nvidia is a dominant player in the AI sector, supplying essential tools to the generative AI boom. The company’s advanced GPUs are crucial for training and running AI applications in data centers. With increasing demand, Nvidia’s revenue has surged, positioning the company as a potential global powerhouse.
Microsoft is a global software and computing powerhouse that has integrated AI technology into its tools like Teams, Office, and Copilot. The company also plays a key role in cybersecurity and has made a major investment in OpenAI, positioning itself for growth in AI-related applications and large language models.
Alphabet, the parent company of Google, is expanding its horizons and has emerged as a key player in the AI market. The company has integrated AI into its portfolio and is actively engaged in quantum computing hardware development. Alphabet is a well-rounded tech giant with core AI competencies that can provide a catalyst for investors in the coming years.
Overall, these three AI stocks offer long-term investment potential and should be on the radar of investors looking to capitalize on the growth of AI technology.