META - 3 AI Stocks to Buy With $1000 and Hold Forever
2024-07-14 06:15:00 ET
Don't let Nvidia 's raging popularity distract you from the fact that there are many sorts of artificial intelligence (AI) stocks to choose from. Companies in industries ranging from chips to software are poised to feel the tailwinds of AI growth over the coming years.
Investors can position themselves for success by gravitating to bona-fide winners, the cream of the crop that are equipped to stay on top as the AI industry grows and inevitably evolves. Three Fool.com contributors did their homework and came up with Amazon (NASDAQ: AMZN) , Qualcomm (NASDAQ: QCOM) , and Meta Platforms (NASDAQ: META) . These companies have the competitive edge to win over the long haul -- and their stock can be had for just $1,000.
Jake Lerch (Amazon): My choice is Amazon . If I'm making a choice today about an AI stock to buy and hold forever, I have to consider valuation. Simply put, AI stocks have been on a wild ride, and some of them are now reaching dangerously high valuation levels.
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3 AI Stocks to Buy With $1,000 and Hold Forever