2024-02-09 05:20:00 ET
Artificial intelligence (AI) promises to shape our world in profound ways in the decades to come. One of the main expected benefits it can bring is significant cost and time savings for businesses and consumers. Goldman Sachs Research projects a 7% increase, or nearly $7 trillion, added to the global economy just from language processing tools like generative AI .
While the "Magnificent Seven" stocks offer great (and potentially safer) ways to invest in AI, some investors are looking to take a chance on smaller companies that could grow much faster and deliver even bigger returns from AI adoption. If this describes what you're looking for, here's why C3.ai (NYSE: AI) and Soundhound AI (NASDAQ: SOUN) are two promising stocks worth considering right now to buy and hold over the next decade.
C3.ai is an emerging leader in helping businesses and the government build AI applications. The company has grown substantially over the last few years, and this momentum sent the stock soaring in the first half of 2023 before pulling back.
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2 Explosive AI Stocks to Buy and Hold for 10 Years