The area of artificial intelligence (AI) is hot right now, but that doesn’t mean it’s a short-term investment opportunity. You could score an even bigger win by choosing quality AI players and holding them for the long term as they take part in a potential AI revolution.
This technology could transform many industries. However, these changes won’t happen overnight, which means AI players can benefit every step of the way.
Two companies, in particular, make great long-term AI buys because they’re powering AI projects. Without these companies’ products and services, many programs might not unfold as efficiently or successfully as they’re unfolding today. These players provide the chips, servers, and other behind-the-scenes elements that are crucial to AI — and their earnings have taken off in recent years.
Let’s take a closer look at these two AI powerhouses to buy and hold for the next decade.
Image source: Getty Images.
Nvidia
Nvidia‘s (NASDAQ: NVDA) graphics processing units (GPUs) play an essential role in the realm of AI. They power the training and inference processes that are absolutely crucial if you want an AI model to carry out its job down the road of solving complex problems. Nvidia’s GPUs are the fastest around, but the company isn’t resting on its laurels. Instead, it’s investing in research and development to remain ahead.
The efforts are working. Nvidia aims to launch its new H200 chip in the second quarter of this year and is readying a new chip architecture known as Blackwell, along with the B100 chip for launch possibly later this year. Today, Nvidia holds 80% of the AI chip market, and this dominance is likely to continue due to the company’s brand strength and will to keep innovating.
Even better, Nvidia doesn’t only sell chips — the company offers a broad range of AI products and services that are available through the world’s biggest cloud companies like Amazon‘s Amazon Web Services (AWS) and Microsoft Azure. Nvidia has built a complete platform and expertise in AI, making it the go-to provider for companies aiming to develop projects in this…
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