DDOG - Artificial Intelligence (AI) Sales Could Soar 820% by 2030: 2 Amazing AI Stocks to Buy Now and Hold Long-Term
2024-05-01 05:12:00 ET
Artificial intelligence (AI) sale across hardware, software, and services totaled about $196 billion last year, according to Grand View Research. But analysts expect that figure to surge 820% by 2030, such that annual AI spending exceeds $1.8 trillion at the end of the decade. Investors hoping to benefit should be positioning their portfolios today, and they should be diversifying beyond Nvidia .
With that in mind, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Datadog (NASDAQ: DDOG) stand out as worthwhile long-term investments. The companies have strong footholds in relevant markets, and the stocks trade reasonable valuations compared to future growth prospects.
Here's what you should know.
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Artificial Intelligence (AI) Sales Could Soar 820% by 2030: 2 Amazing AI Stocks to Buy Now and Hold Long-Term