2023-11-30 05:45:00 ET
The stock market is having a great year. The benchmark S&P 500 index gained more than 20%, which is almost twice its average annual return going back to its inception in 1957. The index is now a stone's throw away from notching a new record high.
But that doesn't mean it's too late for investors to buy stocks, especially those in the exciting artificial intelligence (AI) industry. That technology is set to transform the economy over a period of decades, so there is no time like the present to invest.
Amazon (NASDAQ: AMZN) and Duolingo (NASDAQ: DUOL) are applying AI in unique ways, and their businesses are on the upswing right now thanks in part to the technology. Here's why investors sitting on idle cash -- money they don't need for immediate expenses -- might want to consider allocating $400 to buy one share of each company and holding on for the next decade.
For further details see:
2 No-Brainer Artificial Intelligence (AI) Stocks to Buy With $400 and Hold for 10 Years