-
There are many great AI stocks to choose from, ranging from software companies to semiconductor manufacturers.
-
Spending for AI data infrastructure could reach an estimated $4 trillion by 2030.
-
Buying and holding stocks for the long term is one of the best ways to benefit from the market's gains.
It's no secret that artificial intelligence stocks have dominated the S&P 500's growth over the past few years. The booming sector has been spurred on by a race among the largest tech players as they spend hundreds of billions of dollars to stay ahead of rivals.
If you feel like you're missing out on the AI boom or simply looking for a few ideas to expand your artificial intelligence portfolio, here are four AI stocks you can buy today and feel comfortable holding for the next decade.
Nvidia (NASDAQ: NVDA) is one of the leading AI semiconductor companies, with its processors in an estimated 70% to 95% of AI data centers. This strong position has led to impressive results for the company and resulted in its share price gaining over 1,100% over the past three years.
Nvidia's AI ride isn't over yet, as the company's latest Q2 results indicate. Data center sales spiked 56% to $41 billion as tech giants continue to invest in AI infrastructure. Profitability remains very high at the company, too, with non-GAAP earnings per share increasing 54% in Q2 to $1.05.
And more growth could be on the way. CEO Jensen Huang says AI data center spending could reach $3 trillion to $4 trillion by the end of the decade, which would be a boon to Nvidia's top and bottom lines.
Microsoft (NASDAQ: MSFT) was an early adopter of AI chatbots and partnered with OpenAI years ago. That wise positioning gave Microsoft the ability to integrate the bot into its suite of online services and help it outpace rivals, including Apple.
But Microsoft's real long-term AI opportunities may come from its cloud computing platform, Azure. Microsoft is the second-largest cloud company after Amazon and has 20% of the market. Azure and other cloud sales growth spiked 39% in Q4 (which ended June 30), and Azure sales for fiscal 2025 reached $75 billion -- a 34% jump from the previous year.
Microsoft's strong position in AI cloud computing services will become increasingly important in the coming years as global AI cloud revenue will grow into an estimated $2 trillion market by 2030.
Taiwan Semiconductor Manufacturing (NYSE: TSM), also called TSMC, may not be on your AI investing radar as much as some of the other companies on this list, but it should be. The company is the go-to manufacturer for most AI processors and holds an estimated 90% of the advanced processor market.