Stock Market Sell-Off: 2 AI Stocks to Buy Now and Hold for 20 Years
The recent dip in the major market indices has included some significant declines in the shares of leading artificial intelligence (AI) companies. Some of these tech stocks had monster runs over the last few years and might have been due for a pullback. Broader market fluctuations have a way of affecting individual stocks (for good and for bad) even if they represent great companies.While pullbacks are never fun for current shareholders, investors who are looking to buy now to fund retirements that are well in the future were just given a great opportunity to put some money to work. There are several elite AI stocks out there now trading lower valuations. Here are two AI stocks caught up in the broader market volatility worth buying today because they could be rewarding over the long term.Nvidia (NASDAQ: NVDA) is a no-brainer investment. It has been on the cutting edge of graphics processing unit (GPU) technology for a long time, and today, it controls a high percentage of the GPU market for data centers, where those chips provide the parallel processing muscle needed to train and power AI. With demand for its AI accelerators looking likely to remain strong for years, Nvidia should continue to grow and deliver great returns for investors.Continue reading
The recent dip in the major market indices has included some significant declines in the shares of leading artificial intelligence (AI) companies. Some of these tech stocks had monster runs over the last few years and might have been due for a pullback. Broader market fluctuations have a way of affecting individual stocks (for good and for bad) even if they represent great companies.
While pullbacks are never fun for current shareholders, investors who are looking to buy now to fund retirements that are well in the future were just given a great opportunity to put some money to work. There are several elite AI stocks out there now trading lower valuations. Here are two AI stocks caught up in the broader market volatility worth buying today because they could be rewarding over the long term.
Nvidia (NASDAQ: NVDA) is a no-brainer investment. It has been on the cutting edge of graphics processing unit (GPU) technology for a long time, and today, it controls a high percentage of the GPU market for data centers, where those chips provide the parallel processing muscle needed to train and power AI. With demand for its AI accelerators looking likely to remain strong for years, Nvidia should continue to grow and deliver great returns for investors.
