CFLT - Got $5000? 3 Stocks To Hold for the Next 20 Years
The rate at which data is being produced in the world is staggering. Over the past two years, 90% of the world's data has been produced, and by 2025, the annual amount of data created, captured, copied, and consumed worldwide is expected to more than double from today, according to Statista. With this much data creation in the world, many businesses have been built to help store, monitor, and analyze the massive influx.
As an investor, I look for industries that are expected to grow rapidly over the next decade or more. Companies built on managing data seem to fit that definition. Three companies in particular that work with data could give investors incredible returns over the long term. Here's why Snowflake (NYSE: SNOW) , Confluent (NASDAQ: CFLT) , and Datadog (NASDAQ: DDOG) are all growing tech stocks worth buying and holding for the next two decades.
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Got $5,000? 3 Stocks To Hold for the Next 20 Years