Stocks

Investing in AI's Future: Top 3 Stocks to Buy and Hold for Long-Term Gains

Published February 12, 2024

Artificial Intelligence (AI) is not just a futuristic concept, it's a dynamic and transformative technology that is beginning to influence many aspects of our lives, and it's only expected to grow in the coming years. For investors seeking to capitalize on this trend, there are certain stocks that stand out as robust opportunities for long-term investment. With strategic patience and an investment of $2,000, savvy investors could nurture substantial returns over the span of 25 years in the ever-evolving AI landscape. Three companies whose stocks are particularly compelling for such long-range investment include Snowflake Inc. SNOW, Amazon.com, Inc. AMZN, and Palantir Technologies Inc. PLTR.

Snowflake Inc. - SNOW

Snowflake Inc. breathes fresh air into the AI space with its innovative cloud-based data platform used both within the United States and internationally. Headquartered in San Mateo, California, SNOW is designed to enable customers to consolidate data into a single source of truth for powering analytical workloads. Their solutions are crucial for businesses looking to leverage big data and improve decision-making processes with AI applications. The unique architecture and value proposition of Snowflake's platform make it a compelling stock for investors considering a long-haul engagement in the AI market.

Amazon.com, Inc. - AMZN

A behemoth in the realm of technology, Amazon.com, Inc. continues to be a driving force in the AI industry. Its sprawling empire, which encompasses e-commerce, cloud computing, digital streaming, and artificial intelligence, positions AMZN as one of the Big Five US tech companies. Amazon's investment in AI spans various applications, from improving logistics within its massive retail operation to enhancing its digital assistant, Alexa. The company's continuous innovation and dominance in multiple sectors make it a stable and potentially lucrative investment for those looking to tap into AI's extensive market reach.

Palantir Technologies Inc. - PLTR

Palantir Technologies Inc., seating its headquarters in Denver, Colorado, arms the intelligence community in the United States with robust software platforms tailored for counterterrorism investigations and operations. PLTR concentrates on creating systems that analyze vast amounts of data to detect patterns and insights, a cornerstone ability in the AI sector. As data becomes increasingly central to governmental and commercial operations alike, Palantir's expertise in data integration and analysis could secure its place as a valuable stock for long-term investors.

investment, AI, long-term