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2 Artificial Intelligence (AI) Stocks to Buy and Hold for the Next 20 Years - The Motley Fool
Artificial Intelligence (AI) is driving the future. The rapid development and adoption of AI technology are transforming several industries. That's why investing in AI stocks can be a genius move, especially if you want to hold them for the next 20 years. Two AI stocks that seem promising for the future are NVIDIA and Splunk.
- NVIDIA (NVDA)
NVIDIA is a powerhouse in the world of AI. The company designs, produces, and markets computer graphics, AI, and gaming processors. The use of its technology has grown 121% in the past three years, and it is expected to grow further in the future. Its AI segment contributed to 30% of the company's revenue in 2020, which is approximately $5.2 million.
NVIDIA's AI processing unit, the Tesla GPU, has revolutionized AI and data centers. Its technology powers self-driving cars, healthcare, pharma, and more. It is estimated that by 2025, the revenue from its data center business will surpass the revenue from its gaming segment. With so many opportunities in the AI industry, investors should consider adding NVIDIA to their portfolio for the long-term.
- Splunk (SPLK)
Splunk is a popular AI stock for its robust tech services. The company is a leading provider of software for machine data analytics solutions that help businesses to analyze big data. Splunk's platform is used in more than 400,000 worldwide, including major firms like John Deere, Wells Fargo, and NASA.
The rise of AI technology has boosted Splunk's demand, as companies increasingly need to analyze large data sets. Splunk's annual revenue grew by 8% in 2
Source: "artificial intelligence" - Google News, Link
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