2 Brilliant AI Stocks to Buy in January and Hold for the Long Term
The exponential growth of artificial intelligence (AI) in multiple sectors of the economy is expected to add trillions to the world’s gross domestic product. Investors can already see this playing out, with top AI hardware and software companies reporting strong expansion in their businesses and their revenues over the past few years.
To help you profit from this opportunity, you might want to consider two stocks that are well-positioned to supply the growing need for AI infrastructure in the years to come. Here’s why.
One of the best stocks to profit from the growing investment in AI technology is the leading supplier of graphics processing units (GPUs), Nvidia (NASDAQ: NVDA). Data centers need GPUs for AI training and inferencing. Nvidia sees a $1 trillion opportunity for its business, as data centers upgrade legacy computing systems to AI-optimized hardware.
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