Stocks

Navigating the Future of Tech: Unveiling 3 AI Stocks for Long-Term Investment

Published July 14, 2024

For investors looking to harness the potential of artificial intelligence (AI) and technology with a long-term perspective, there exist certain companies that are not merely thriving in the current market landscape but are also well-positioned to dominate their respective fields in the years to come. The tech sector can be volatile, yet with strategic vision, some stocks emerge as potentially valuable additions to one's portfolio. It is in this context that we explore three tech giants—Meta Platforms META, Qualcomm QCOM, and Amazon AMZN—each driving innovation and growth within the tech space, making them compelling buy-and-hold selections for forward-thinking investors.

Meta Platforms, Inc. META: Reimagining Connectivity

Having risen to prominence through its social media platforms, Meta Platforms, Inc. META is now forging new frontiers in virtual connectivity. The Menlo Park-headquartered giant is not content with resting on its laurels; instead, it is investing heavily in virtual reality (VR) and augmented reality (AR), positioning itself as a pioneer in the creation of an immersive 'metaverse'. With a suite of products that cater to connecting people via mobile devices, PCs, VR headsets, wearables, and even smart home devices, META aims to redefine the way we interact with each other globally. As the virtual and augmented spaces continue to evolve, META's focus on innovation could ensure its foothold as a leader for the foreseeable future.

Qualcomm Incorporated QCOM: Fueling Wireless Innovation

Qualcomm Incorporated QCOM, based in San Diego, California, operates as a linchpin in the realm of wireless technology. This multinational corporation plays a critical role in powering a multitude of devices with its semiconductors and software. Owning essential patents related to 5G and other mobile communication standards means QCOM is at the heart of the ongoing deployment and advancement of cutting-edge wireless technologies. The company's influence and innovation within 5G—a technology that is set to transform industries by enabling faster and more reliable internet connections—potentially positions QCOM for sustained success in an increasingly connected world.

Amazon.com, Inc. AMZN: A Titan of Tech Diversity

Without a doubt, Amazon.com, Inc. AMZN is a behemoth in the world of e-commerce, but its endeavors extend far beyond online retailing. As an American multinational technology firm, AMZN is also deeply invested in AI, cloud computing, and digital streaming. It's bold to say that few companies hold such sway in shaping global economic and cultural landscapes, with Amazon carving its name as one of the world's most valuable brands. The continuous development and integration of its AI capabilities across different verticals, including Alexa-powered devices and its industry-leading cloud services platform, Amazon Web Services (AWS), safeguard AMZN's positioning as an enterprise of incredible breadth and technology-driven influence—an enterprise that ambitious investors might consider worthy of a spot in their long-hold portfolios.

Investment, Technology, Growth