Stocks

3 Unstoppable Artificial Intelligence Stocks to Invest in for Long-Term Growth

Published June 9, 2024

Investing in the forefront of technological innovation often means looking at the artificial intelligence (AI) sector, where dynamic growth is the norm and transformational impacts on society and industry are all but guaranteed. Amidst a plethora of contenders, a few pioneering companies have asserted their dominance, proving to be investment-worthy due to their substantial contributions to the AI landscape. A critical perspective suggests that the best AI stocks aren't hidden gems, but rather the ones that have firmly established themselves as leaders. The key? Focus on the giants who are defining the space: Microsoft Corporation MSFT, Nvidia Corporation NVSA, and Amazon.com, Inc. AMZN.

Microsoft Corporation MSFT

An undisputed leader in the tech industry, Microsoft stands out with an extensive product line, including the ubiquitous Windows operating systems and the Microsoft Office suite. Not stopping at software, the company has made significant strides in hardware too, with its Xbox and Surface lines. Ranking prominently in the Fortune 500, and boasting a history of revenue leadership in software, Microsoft continues to be an integral part of the Big Five in the U.S. IT industry. With AI embedded in its cloud services and various other offerings, it's geared for longevity and innovation.

Nvidia Corporation NVDA

Nvidia has carved a niche for itself by creating powerful graphics processing units (GPUs) crucial for gaming and professional applications, extending to mobile computing and automotive with its SoC units. As AI and machine learning evolve, Nvidia's GPUs have become essential for these technologies, positioning the company as a critical player in AI's infrastructure growth. While it began with a focus on visual computing, Nvidia's strategic advances into AI have made it an investment staple.

Amazon.com, Inc. AMZN

Amazon's relentless expansion into e-commerce, cloud computing, digital streaming, and AI solidifies its place as a tech titan. Beyond being a retail giant, it is an AI innovator with its cloud platform and voice-assistant technologies. As part of the influential Big Five, Amazon's influence on both the economy and culture is profound, and its brand power unparalleled. With relentless innovation driving its AI endeavors, Amazon is set to remain a core holding for investors seeking exposure to AI's advancement.

investment, technology, AI