S - 2 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $120 and Hold for 10 Years
2024-01-31 05:29:00 ET
Artificial intelligence (AI) is already touching almost every U.S. industry, but the technology is still in its early stages. Its contribution to the economy could ramp up significantly over the next decade, adding somewhere between $7 trillion and $200 trillion in output, depending which Wall Street forecast you rely upon.
Cybersecurity companies use AI to help detect threats and automate incident response, which leads to better outcomes. Semiconductor companies, on the other hand, are designing the hardware developers need to train AI models and ensure they continue to improve.
Those two industries might be a great place for investors to park their money, and shares of SentinelOne (NYSE: S) and Micron Technology (NASDAQ: MU) are an excellent starting point. Here's why investors sitting on idle cash -- money they don't need for immediate expenses -- might want to allocate $120 to buy one share of each company (or more if they have the free cash available) and hold on for 10 years.
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2 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $120 and Hold for 10 Years